Week 7 Discussion Board

Read Case 37.1 Northeast Iowa Ethanol, LLC v. Drizin (See Attached Case).  The court held that the “corporate veil” could be pierced. 

• Explain what “piercing the corporate veil” means.  
• What is civil fraud?
• Did Drizin act ethically in this case?  
• Did the owners of Northeast Iowa have any responsibility for the losses they suffered in this case?
• Do you think that the plaintiff, Northeast Iowa will recover on its $11.4 million judgment?
• What factors would you change?

Be sure to support your opinion with facts from the textbook, research or resources along with citation of those sources.