Ahcom v. Smeding – Altered Egos Redux
Last month, this blog featured a preliminary post on Ahcom Ltd. v. Smeding (9th Cir. Oct. 21, 2010, Docket No. 09-16020), a decision restating and reemphasizing the Ninth Circuit’s position that a creditor of a corporation in bankruptcy has standing to assert a claim against the corporation’s sole shareholders on an alter ego theory.
More recently, the Insolvency Law Committee of the California State Bar’s Business Law Section released an insightful and helpful e-bulletin discussing the Ahcom decision’s impact on commercial bankruptcy practice in California.
A hard copy of the Committee’s e-bulletin is available here.