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CRAIG v. LAKE ASBESTOS OF QUEBEC, LTD.

No. 87-1254.

843 F.2d 145 (1988)

Clarence CRAIG and Duveen A. Craig v. LAKE ASBESTOS OF QUEBEC, LTD., et al. v. CHARTER CONSOLIDATED P.L.C., Charter Consolidated Investments P.L.C., Central Mining Finance Ltd., Charter Consolidated Services Ltd., British South Africa Company, Consolidated Mines Selection Co., Ltd. Appeal of CHARTER CONSOLIDATED P.L.C., Charter Consolidated Investments P.L.C., Central Mining Finance Limited, Charter Consolidated Services Ltd., British South Africa Company, and Consolidated Mines Selection Committee Limited (collectively "Charter").

United States Court of Appeals, Third Circuit.

Decided March 31, 1988.

Rehearing Denied April 29, 1988.

Attorney(s) appearing for the Case

Werner L. Polak (argued), Mary Ann Jacoby, Joseph F. Haggerty, Shearman & Sterling, New York City, Daniel Segal, Steven R. Fischer, Leslie A. Hayes, Hangley, Connolly, Epstein, Chicco, Foxman & Ewing, Philadelphia, Pa., for appellant.

Edward W. Madeira, Jr. (argued), Edmund B. Spaeth, Jr., Richard W. Foltz, Jr., Pepper, Hamilton & Scheetz, Philadelphia, Pa., Myron J. Bromberg, Porzio, Bromberg & Newman, Morristown, N.J., for appellee, Lac d'Amiante de Quebec, Ltd.

Hal C. Pitkow, Michael J. Witt, Hal C. Pitkow & Associates, Philadelphia, Pa., for appellees, Clarence and Duveen A. Craig.

Before SLOVITER, BECKER and COWEN, Circuit Judges.

OPINION OF THE COURT

SLOVITER, Circuit Judge.

I. Issue

The district court held, following a trial on the issue, that appellant Charter Consolidated P.L.C. was liable under New Jersey law for the tort obligations of its subsidiary Cape Industries, P.L.C. on an "alter ego" or "piercing the corporate veil" theory. Because we conclude that New Jersey law does not allow for piercing the corporate veil absent a greater degree of domination...

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