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eBook details

• Title: Matthews Construction Company v. Harvey Rosen and Houston Pipe & Supply Company
• Author : Supreme Court Of Utah
• Release Date : January 12, 1990
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 80 KB

Description

SPEARS, Justice. This cause involves piercing the corporate veil and the application of limitations. Matthews Construction Company sued Houston Pipe & Supply Company for breach of contract and secured a judgment against Houston Pipe in July 1982. Because Matthews was unable to collect on that judgment, it filed suit in February 1984 against Harvey Rosen, the president and sole shareholder of Houston Pie. Matthews contended that Rosen had stripped Houston Pipe of its assets in order to avoid paying the judgment. A jury found that Houston Pipe was the alter ego of Rosen and that Rosen had operated the company as a sham to perpetrate a fraud on Matthews; the jury awarded Matthews $500,000 in actual damages and $60,000 in punitive damages. The trial court disregarded the punitive damages award and rendered judgment for Matthews for $470,562, the amount owing on the prior judgment. The court of appeals effectively reversed the trial courts judgment and rendered a take-nothing judgment against Matthews. 777 S.W.2d 434. We reverse the judgment of the court of appeals and affirm that of the trial court.

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