As exemplified by Coty US LLC v. 680 S. 17th Street LLC, 2015 WL 1011664 (2015), the risk of New Jersey courts piercing the corporate veil is higher in the environmental context where public policy in favor of successful remediation is strong and strict, and joint and several liability apply. The key lesson here is that corporate buyers of environmentally contaminated property, especially sole member LLCs (and sole shareholder corporations), should assume an elevated level of care. Read Article…
