3 ms·
And of course it won't amount to anything. If the company goes into bankruptcy and "disappears", is there any legitimate recourse, or is Randazza just up a cree
by pseudonym 15y ago
And of course it won't amount to anything. If the company goes into bankruptcy and "disappears", is there any legitimate recourse, or is Randazza just up a creek?
- wtallis 15y agoI think it's too late for bankruptcy protection. A writ of execution like this authorizes the US Marshals to immediately withdraw the necessary funds from Righthaven's accounts, or to seize and auction any other assets. If Righthaven has already hidden those assets, it may make things more difficult, but I get the feeling that the judge in this case will want to find a way to punish the people behind Righthaven.
- ars 15y agoIt's too late for chapter 11 bankruptcy, but not for chapter 7. And they are virtually guaranteed to go into chapter 7. A judge will allocate any remaining assets, and that will be all. Randazza will not be able to collect more than that, although a judge may be able to reverse some salary and payments Righthaven has made in the last few months.
- gte910h 15y agoUnless they ran the company incorrectly (in certain ways), in which case the veil may be pierced.
- pseudonym 15y agoGiven how long they've been delaying, I'd be very surprised if they have any money left in those coffers, or if they used the last of it to "pay" their "lawyers".