Commercial Division Rejects Piercing the Corporate Veil and Claims of Fraud and Unjust Enrichment Against the Sole Principal
In Salesmark Ventures, LLC v. Jay Singh, JJHM Trading Corp.[1], Justice Joel M. Cohen dismissed, inter alia, the plaintiff’s claim to pierce the corporate veil of the defendant and impose personal liability on the defendant’s sole principal. Underlying the dispute is a contract to purchase millions of synthetic nitrile gloves during the outbreak of COVID-19.
[1] INDEX NO. 651394/2021, 2022 BL 127452 (Sup. Ct. N.Y. Cty. Mar. 11, 2022)