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SPECIALTY COMPANIES v. MERITAGE HOMES

No. CV-20-0086-PR.

492 P.3d 308 (2021)

SPECIALTY COMPANIES GROUP, LLC, et al., Plaintiffs/Appellants, v. MERITAGE HOMES OF ARIZONA, INC., Defendant/Appellee.

Supreme Court of Arizona.

Filed August 5, 2021.

Attorney(s) appearing for the Case

David D. Williams (argued), Davis Miles McGuire Gardner, PLLC, Tempe, Attorney for Specialty Companies Group, LLC, et al.

James E. Holland Jr. (argued), Jennifer L. Allen , Michael Vincent , Stinson LLP, Phoenix, Attorneys for Meritage Homes of Arizona, Inc.

JUSTICE BOLICK authored the Opinion of the Court, in which CHIEF JUSTICE BRUTINEL, VICE CHIEF JUSTICE TIMMER, and JUSTICES LOPEZ, BEENE, and MONTGOMERY joined.

¶1 In this case, we agree with the court of appeals that, because alter ego claims are derivative in nature, "a party seeking to pierce the corporate veil under an alter-ego theory is bound by the limitation period applicable to the cause of action to which the alter-ego claim is tied." Specialty Cos...

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