This case law summary was prepared by Ryan Paulish.
In Manichaean Capital, LLC v. Exela Technologies, Inc., the Delaware Court of Chancery outlined a rule that will apply only to "outsider" reverse veil-piercing.[1] Vice Chancellor Slights determined that a reverse veil-piercing rule deter wrongdoers from using the corporate form as a means to facilitate fraud or injustice.[2]
Background