Inside This Issue
1. Highlighting Nevada's Advantages
Piercing the Corporate Veil in California
Writings of UCLA Law Professor
can highlight Nevada's advantages
by Derek Rowley © 2008. All Rights reserved
In 2007, Professor Bainbridge published an article, "Piercing the Corporate Veil in California" which exposes the alarming breadth of activity that can be used to pierce the corporate veil in California - and allow creditors to hold individual shareholders personally liable for corporate debt or obligations. In the article, Bainbridge provides detailed legal analysis supporting the perception that public policy in California favors piercing the corporate veil. As he points out, "among the eight states with the largest number of reported veil piercing decisions, California courts have the highest rate (45%) of piercing the corporate veil... read more
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2. Jury finds Franchise Tax Board guilty of fraud
A $388 million verdict
by Derek Rowley © 2008. All Rights reserved.
LAS VEGAS - Gilbert Hyatt is quite a remarkable man. In 1968, he advanced the concept of the integrated circuit when he developed the method for including all the pieces necessary to operate a computer - other than the memory and interface - in one place. In 1970, he applied for a patent for a computer microprocessor...read more
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3. Financial Turmoil Impacts Trusts
Time to Review your Estate Plan
by Derek Rowley © 2008. All Rights reserved.
LAS VEGAS - For years, legal practitioners and estate planners have advised clients to carefully think through the appointment of successor trustees named in living trusts. That advice has never been more relevant than now as financial titans on Wall Street, and elsewhere, reel from the impact of our latest financial crisis. In light of the financial meltdown, now is a good time for you to review your trust and estate planning documents to look for potential problems...read more
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A menu of unconnected, fascinating news items that crossed my desk,
by Derek Rowley © 2008. All Rights reserved...read more
Dog defendant in legal case...
IRS recommends outsourcing payroll...
Baby boomers millionaire survey...
What millionaires don't want you to know...
Undue influence, Social Security benefits tops download list...
Drunk sues railroad over fireworks...
Murder victims will to family members found...
Great White settlement, FBI agent writes himself into clients will...
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