Sep. 29, 2023
Destroy the records, destroy the corporate veil
California Court Of Appeal rules that manager’s destruction of company records supports finding of unity of interest sufficient to pierce corporate veil.
A recently published opinion from the California Court of Appeal, Hacker v. Fabe, 92 Cal. App. 5th 1267 (2023), held that a principal’s destruction of a limited liability company’s records during the pendency of litigation was a factor supporting a finding that the principal and LLC shared a unity of interest sufficient to pierce the corporate veil, such that the manager should be held liable for a judgment against the LLC as an alter ego ...
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