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Business Associations Keyed to Bainbridge
Sea-Land Services, Inc. v. Pepper Source
Citation:
941 F.2d 519 (7th Cir.1991)Facts
Sea-Land brought this action against Gerald J. Marchese and five business entities he owns including PS. Sea-Land sought to pierce PS’s corporate veil and render Marchese personally liable for the judgment owed to Sea-Land. Thus, Sea-Land alleged in its complaint that all of these corporations are alter egos of each other and hide behind the veils of alleged separate corporate existence for the purpose of defrauding plaintiff and other creditors. Not only are the corporations alter egos of each other, alleged Sea-Land, but also they are alter egos of Marchese, who should be held individually liable for the judgment because he created and manipulated these corporations and their assets for his own personal uses.
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