Barket Epstein associate Alexander Klein won a pair of commercial disputes last week. The first one was in the Appellate Division, Second Department, where Mr. Klein won a trial court reversal concerning New York’s “corporate veil.” The second case arose in the New York State Supreme Court, where Barket Epstein is representing a local business in a lien-related dispute with a major insurance company. Based on Mr. Klein’s arguments, the Supreme Court denied the insurance company’s motion in all respects and vacated its restraining order over the property in issue.
This pair of wins represent the latest successes in Barket Epstein’s growing commercial practice. Commenting on the Appellate Division reversal, Mr. Klein noted that in 1811, New York was the first state in the country to pass a law creating limited liability around corporations. “206 years after New York initially created a corporate veil,” he added, “this case represents the judiciary’s latest clarification of what the veil is—and, as importantly, what it is not.”