The California Court of Appeals has recognized that reverse veil piercing may be used to set aside the legal separateness of a Delaware LLC which was substantially (99%) owned by the debtor, distinguishing Postal Instance Press v. Kaswa Corp., which rejected reverse veil piercing as to corporations.
Reverse Veil Piercing Given New Life In California Against A Delaware LLC In Curci
Forbes - 13 Aug 2017 21:39
The California Court of Appeals has recognized that reverse veil piercing may be used to set aside the legal separateness of a Delaware LLC which was substantially (99%) owned by the debtor, distinguishing Postal Instance Press v. Kaswa Corp., which rejected reverse veil piercing as to corporations.
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