Dear Clients, Colleagues, and Friends, In a recent issue of Client Alert, we illustrated just how far the courts are going to hold the “deep pocket” responsible to pay damages even though he or she didn’t cause them. We wrote about John Catsimatidis, a modern business hero and successful immigrant entrepreneur, being found personally liable for millions of dollars in damages because someone in his company was found to violate […]Continue reading
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So You Think Your Corporation or LLC Protects Your Personal Assets? Guess Again!!
John Catsimatidis is a self-made success. Starting with one supermarket in upper Manhattan in the early ’70s, he grew the Red Apple chain to ten stores by the time he was 24. In 1986, The Red Apple Group acquired the renowned Gristedes chain, and now they were the largest supermarket group in Manhattan. A tough area to grow a retail chain. The group also began to acquire and develop real […]Continue reading