Miscellaneous Issues - Alter Ego - Subsidiary as Alter Ego of Parent Corporation

• Category: Federal - Jury Instructions - 11th Circuit - Civil
• State: Multi-State
• Control #: US-JURY-11THCIR-4-27
• Format: Word

Description

Pattern Jury Instructions from the 11th Circuit Federal Court of Appeals. For more information and to use the online Instruction builder please visit http://www.ca11.uscourts.gov/pattern-jury-instructions Miscellaneous Issues AllegedEg— - Subsidiary as Alter Ego of Parent Corporation is a situation that occurs when a parent company creates a subsidiary to shield it from liability or to engage in activities that would otherwise be prohibited. The subsidiary acts as an alter ego of the parent company, meaning that the parent company is treated as if it were the same as the subsidiary. This can be beneficial for the parent company as it can protect it from legal liability and can also allow it to engage in activities that it would otherwise be prohibited from engaging in. There are two main types of Miscellaneous Issues AllegedEg— - Subsidiary as Alter Ego of Parent Corporation: 1. Piercing the Corporate Veil: This is when a court finds that a parent company should be held liable for the actions of its subsidiary. This is often done when the parent company has used the subsidiary as a shield to engage in illegal or unethical activities. 2. Alter Ego Liability: This is when a parent company is held liable for the actions of its subsidiary because it has acted in a manner that is identical to the parent company. This includes using the same staff, assets, and resources. This type of liability is often used to hold a parent company liable for the actions of its subsidiary.

Miscellaneous Issues AllegedEg— - Subsidiary as Alter Ego of Parent Corporation is a situation that occurs when a parent company creates a subsidiary to shield it from liability or to engage in activities that would otherwise be prohibited. The subsidiary acts as an alter ego of the parent company, meaning that the parent company is treated as if it were the same as the subsidiary. This can be beneficial for the parent company as it can protect it from legal liability and can also allow it to engage in activities that it would otherwise be prohibited from engaging in. There are two main types of Miscellaneous Issues AllegedEg— - Subsidiary as Alter Ego of Parent Corporation: 1. Piercing the Corporate Veil: This is when a court finds that a parent company should be held liable for the actions of its subsidiary. This is often done when the parent company has used the subsidiary as a shield to engage in illegal or unethical activities. 2. Alter Ego Liability: This is when a parent company is held liable for the actions of its subsidiary because it has acted in a manner that is identical to the parent company. This includes using the same staff, assets, and resources. This type of liability is often used to hold a parent company liable for the actions of its subsidiary.