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DAMIANOS REALTY GROUP, LLC v. FRACCHIA

35 A.D.3d 344 (2006)

825 N.Y.S.2d 274

DAMIANOS REALTY GROUP, LLC, Appellant, v. MICHAEL J. FRACCHIA et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, Second Department.

Decided December 5, 2006.

Ordered that the order is affirmed insofar as appealed from, with costs.

One of the primary and completely legitimate purposes of incorporating is to limit or eliminate the personal liability of corporate principals (see Bartle v Home Owners Coop., 309 N.Y. 103, 106 [1955]). Nevertheless, equity will intervene to "pierce the corporate veil" and permit the assertion of claims against the individuals who control the corporation...

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