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CHEATLE v. RUDD'S SWIMMING POOL SUPPLY

Record No. 840983.

360 S.E.2d 828 (1987)

Walter M. CHEATLE, et al. v. RUDD'S SWIMMING POOL SUPPLY CO., INC.

Supreme Court of Virginia.

October 9, 1987.

Attorney(s) appearing for the Case

Benjamin C. Ackerly (Virginia W. Powell, Deborah L. Fletcher, Hunton & Williams, Richmond, on briefs), for appellants.

James Ray Cottrell (Mark Lee Salomon, Gannon, Cottrell & Ward, P.C., Alexandria, on brief), for appellee.

Present: All the Justices.

COMPTON, Justice.

This is an appeal from a final decree in equity imposing judgment in personam for compensatory and punitive damages against officers, directors, and shareholders of a bankrupt corporation. The theories of recovery were: fraudulent conveyance, piercing the corporate veil, and fraud and deceit.

The essential facts are undisputed. Prior to 1978, Kenneth M. Rudd, the sole stockholder of appellee Rudd's Swimming Pool Supply Co., Inc. (Supply...

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