LatinVision in a heap of legal trouble
August 8, 2014
According to The National Law Review, the Supreme Court has issue a Summary Judgement against the US Hispanic Market focused conference company LatinVision headed by Carlos Vassallo corporate officer and principal shareholder of LatinVision, Inc. The Summary Judgement allows plaintiffs to pierce the corporate veil of his company due to “a failure to adhere to corporate formalities, inadequate capitalization, commingling of assets, use of corporate funds for personal use,” an “overlap in ownership and directorship,” and “common use of office space and equipment.”
According to sources, Carlos Vassallo and his company are in a heap of trouble and the plaintiffs are looking for $1.18 Million in damages to recoup their investment and interest.
We spoke with and received an e-mail from Carlos Vassallo corporate officer and principal shareholder of LatinVision, Inc. and he stated that the reason for the misunderstanding and the trouble is because he “had a bad legal advisor and we are appealing this.”
To read the full article in The National Law Review CLICK HERE.
