Walkovszky v. Carlton
Citation
18 N.Y.2d 414 (1966)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
A corporate form will not be disregarded merely because assets are insufficient to satisfy a judgment; veil piercing requires that the individual is doing business in his personal capacity, using the corporation as an agent, not merely that he is the sole owner.
Significance
Classic New York piercing case; defendant escaped personal liability despite thin capitalization because plaintiff alleged wrong theory.