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pierce the corporate veil

verb

where a shareholder or director of a company may be held liable (=legally responsible) for a company's debts or liabilities despite the general principle that a company's shareholders and employees are immune from civil lawsuits filed against itJudge Gordon ordered that the corporate veil be pierced on a list of Palmer's companies so they could be properly investigated.

Synonyms and Other Spellings

lift the corporate veil