New York | Business Law
Legal Question
Liability of a Corporate Officer
How does one sue a corporate officer (CFO) who uses his personal friendship with you to solicit a $10,000 loan for his company, which is 2 years delinquent in paying back the loan, doesn't respond to you, doesn't answer summons, pretends not to reside where it is legally addressed and which is generally using it's corporate status to avoid responsibility for the debt. We summoned the corporate officerl (pro se) to civil court which threw out the case saying we must sue the corporation. We summoned the corporation via the secretary of state and are waiting to see if the plaintiff will respond or default. We feel that somehow it would be more effective to go after the individual corporate officer who denies any responsibility for having solicited this loan. How can we make this individual accountable, in light of the difficulty in confronting the corporation?
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Read More Answered By: Gerry Elman |
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