922,445@4:22 pm
MCC and the city caused irreparable harm to both elections and the public, and they continue to do so. Where are the allegedly missing MCC monies?
Working round the clock talking to specialists
The city and MCC have some explaining to do
Did MCC force the authorities to "pierce the corporate veil" and hold board members personally accountable?
https://corpgov.law.harvard.edu/2014/03/27/the-three-justifications-for-piercing-the-corporate-veil/
Second, piercing also is done by courts in order to remedy what appears to be fraudulent conduct that does not the strict elements of common law fraud. Specifically, it is used as a remedy for “constructive fraud” in the contractual context. Simply put, if a court becomes convinced that a shareholder or other equity investor has, by words or actions, led a counter-party to a contract to believe that an obligation is a personal liability rather than (or in addition to) a corporate debt, then courts sometimes will use a piercing theory to impose liability on the individual shareholder rather than a fraud theory.
