Last week, the PA Supreme Court granted allocator in the matter of Ryan Fell Mortimer v. 340 Associates, et al., Docket Nos.: 37 MAP 2020 and 38 MAP 2020. The specific issue the Supreme Court is considering is whether Pennsylvania should adopt the “enterprise theory” or “single entity” theory of piercing the corporate veil when two or more sister companies operate as a single corporate combine. More detailed information about this case is attached.
This case could adversely affect businesses and companies throughout Pennsylvania that operate through multiple entities, to include real estate owners/developers, healthcare providers, hotel owners, and retail stores.