4 ms·
Shouldn't the current shareholders be responsible for looking into potential liabilites? If I buy stock in a game company and the next day it releases a new ga
by themitigating 4y ago
Shouldn't the current shareholders be responsible for looking into potential liabilites?
If I buy stock in a game company and the next day it releases a new game that tanks I didn't own stock when the game was developed.
- marcosdumay 4y agoIf you don't limit the liability, you will see the stock market die. This would be more a case of you buying stock on the game company, and the next day somebody discovering that the previous dividends were fraudulent and only happened because the company stole 100 times more than its market value, and then you being on the hook for paying 100 times more than the stock price as restitution. I do agree that the liability limitation is currently too strict. But it can't just be removed.
- themitigating 4y agoBut that's new information. The talc issue has been known for years. How serious or what the monetary outcome would be was not known but should have been a calculated risk for those purchasing stock