Replies to post #101945 on Baltia Air Lines Inc. (fka BLTA)

[LongTimeObserver]

TonyBaltia is purposely in default of "mandatory filings."

[Major Profits]

There is no record of a successful piercing of the corporate veil for a publicly traded corporation because of the large number of shareholders and the extensive mandatory filings entailed in qualifying for listing on an exchange.

Can you provide PROOF of that statement? Link to some LEGAL paper?

Frankly, this seems to suggest otherwise. (Plus plenty more info with a "Google Search"):

https://www.law.cornell.edu/wex/piercing_the_corporate_veil

Texas
In Texas, In re JNS Aviation, LLC (2007) is a leading case. The court found that the corporate veil could be pierced when any of the asserted veil-piercing strands are met. Further, courts will pierce the corporate veil when the member(s) intended to use the company to perpetrate an actual fraud, and the company did perpetrate an actual fraud "primarily for the direct personal benefit of the considered defendant."

Also:

http://smallbusiness.jdsupra.com/post/piercing-the-corporate-veil-how-to-avoid-personal-liability-in-business

“In the aftermath of recent scandals (e.g. Enron, Anderson Consulting), the law has shifted somewhat to make it easier for plaintiffs to “pierce the corporate veil.”

Why oh why do some keep protecting (imo) Pennyland CONpanies and their, possibly, FRAUDULENT insiders?

Why don't MORE simply get ANGRY? Why?

Hopefully, MANY angry shareholders have filed SEC complaints against those companies they deemed fraudulent.

GLTA