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If you are a shareholder in a corporation, creditors usually cannot “pierce the corporate veil” to collect money from the company that’s owed by you. The same is generally true for owners of LLCs, or Limited Liability Companies. But there are limits to the protection a court will allow.

 Arbitration is often viewed an attractive alternative to litigation because it is designed to be quicker, less costly, and final. Even when an arbitrator’s decision was patently unfair or the arbitrator clearly didn’t follow the law, many cases have held that the parties are stuck with the decision.

It’s common today for a contract to include a “liquidated damages” provision, which specifies a sum of money one party will receive if the other party breaches the agreement.

After a stormy breakup, your ex-boyfriend posts on his Facebook page that you had an abortion during the relationship – and then repeats this in a radio interview. That’s a pretty clear violation of your privacy, isn’t it?

Sergio Garcia began playing golf in Spain at the age of three, turned professional in 1999, and won his first PGA Tour event in 2001, at age 21. Garcia has amassed career earnings exceeding $43 million, and had won numerous tournaments. But until this year, Garcia had never won one of golf’s “Major” championships (the Masters Tournament, the U.S. Open, the British Open and the PGA Championship).

Investors in a Texas self-storage facility believed they had suffered about $10 million in damages because of the behavior of the guy who put the deal together, and were understandably upset.   But that didn’t give them the right to recover more than $30 million by slipping in a claim for punitive damages just 24 hours before the case went to arbitration, an appellate ruling has held.