Rice v. Oriental Fireworks Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “A corporation is, inadequately capitalized when its assets are insufficient to cover its potential liabilities, which are reasonably foreseeable from the nature of the corporation’s business.”
• it is improper conduct to dis- regard corporate roles and formalities that serve to protect the rights and define the responsibilities of owners, direc- tors, officers, employees, creditors, government entities, and the public at large.
• the party seeking to establish personal jurisdiction need only make a prima facie showing, through affidavits and supporting materials, of the facts necessary to meet the criteria for establishing piercing the corporate veil based on alter ego

Source: CourtListener parenthetical corpus (CC0).