![]() (1962) 210 Cal.App.2d 825) Factors that lend to alter ego liability include the commingling of corporate funds, failure to observe corporate formalities including maintaining minutes and failure to contribute sufficient capital. The law of alter ego allows a party to pierce the corporate veil and pursue the shareholders of the corporation based on the manner in which they have dealt with the corporation. ![]() Where you are dealing with a closely held company (few shareholders), attorneys should delve into a serious investigation relating to liability under the equitable doctrine of alter ego in order to bridge the shortfall to obtain full justice for your client. Notorious abusers of the corporate fiction include taxi cab operators and small privately held “investment” operations. Many of these companies rely on the corporate fiction for protection. ![]() In far too many circumstances, victims are handed a situation where the tortfeasor has little or insufficient assets, either through insurance or otherwise, to compensate for the harm that they have caused. ![]()
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