Week 7 Discussion Board

Read Case 37.1 Northeast Iowa Ethanol, LLC v. Drizin (See Attached Case).  The court held that the “corporate veil” could be pierced. 

  • Explain what “piercing the corporate veil” means.  
  • What is civil fraud?
  • Did Drizin act ethically in this case?  
  • Did the owners of Northeast Iowa have any responsibility for the losses they suffered in this case?
  • Do you think that the plaintiff, Northeast Iowa will recover on its $11.4 million judgment?
  • What factors would you change?

Be sure to support your opinion with facts from the textbook, research or resources along with citation of those sources.

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