3 ms·

Until they get sued. Many of the people who made money of Madoff had to return the money they gained.

• hatsunearu 6y ago
  You're saying an investor (GM) can be held liable for what the limited liability corporation (Nikolai) did?
  • hobby-coder-guy 6y ago
    In some cases, yes.
    • nordsieck 6y ago
      >> You're saying an investor (GM) can be held liable for what the limited liability corporation (Nikolai) did? > In some cases, yes. Now I'm curious. Can you give an example? This[1] is a pretty good overview to piercing the corporate veil. I suppose it's technically possible for a company to be liable for what a company they invest in does, but there would have to be some pretty weird circumstances (for example, if the two companies had substantially co-mingled finances and leadership). I don't see any of it applying to the GM/Nikola deal. ___ 1. https://www.nolo.com/legal-encyclopedia/personal-liability-piercing-corporate-veil-33006.html https://www.nolo.com/legal-encyclopedia/personal-liability-p...
  • ric2b 6y ago
    Not necessarily held liable, but they'd probably have to return the money if it was earned from illegal activity.