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Reload this Page Not sure if this has been posted..Mastro in the Chicago Tribune
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  #1  
Old 08-07-2009, 09:25 AM
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Originally Posted by calvindog View Post
Of which Doug is the President. But he claims that he's not responsible for paying any of Mastro's debts off.
I hate to keep beating a dead horse here, but does anyone know (rather than speculate) what Doug's ownership stake in Mastro/Ketap is/was and what it is in Legendary?
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Last edited by mikedenero; 09-03-2009 at 08:13 PM.
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Old 08-07-2009, 09:36 AM
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The issue is not really piercing the veil to get to Doug individually, in my opinion, but rather, whether Legendary (the ongoing business) is liable for Mastro's debts on an alter ego and/or fraudulent conveyance theory.
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Old 08-07-2009, 09:49 AM
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"As far as I can tell, your entire enterprise is nothing more than a solitary man with a messy apartment, which may or may not contain a chicken!"

"And with Darren’s help, we’ll get that chicken."

Rob, Thanks for getting me thinking.
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Old 08-07-2009, 09:56 AM
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Originally Posted by Ladder7 View Post
"As far as I can tell, your entire enterprise is nothing more than a solitary man with a messy apartment, which may or may not contain a chicken!"

"And with Darren’s help, we’ll get that chicken."

Rob, Thanks for getting me thinking.

"You know Darren, if you would have told me twenty-five years ago that some day I'd be standing here about to solve the world's energy problems, I would've said you're crazy... Now let's push this giant ball of oil out the window."
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Old 08-07-2009, 09:59 AM
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The issue is not really piercing the veil to get to Doug individually, in my opinion, but rather, whether Legendary (the ongoing business) is liable for Mastro's debts on an alter ego and/or fraudulent conveyance theory.

Right - I agree 100%. But, hypothetically speaking (of course), if such claims are viable (key words here: "if" and "viable"), the same facts might (key word here: "might") implicate a veil piercing claim against the orchestrator(s).
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Last edited by mikedenero; 08-07-2009 at 10:00 AM.
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