Eagleeye, the underwriter was referring to the kinds of evidence a court will consider when determining whether or not to "pierce the corporate veil". Normally we consider the corporate veil as a legal concept protecting individual investors/shareholders from personal liability for the cor...

I encounter thes issues from time to time (not specifically pertaining to CIBA) re. "pools" marketed to community associations (aka "HOAs") here in California (I am an attorney, and some of my clients are community associations). For what it's worth, my blog post at http://msquir...