4 ms·
Moving the assets of the company into another and leaving only the lawsuit behind is a neat idea, isolating all the legal risks within the old shell company. K
by ww520 14y ago
Moving the assets of the company into another and leaving only the lawsuit behind is a neat idea, isolating all the legal risks within the old shell company. Kudos to the lawyers.
- swang 14y agoWhat risk does a dissolved company have? The article seems to state that the only real 'risk' was that the VC company spent their own money to fight this, not knowing whether they would win.
- ww520 14y agoWell they might be counter-sued or asked to pay for both parties' legal fees.
- shawn-butler 14y agoI'm pretty sure the lawyers did the same thing with BeOS when it was acquired by Palm. [0] They sold the IP/copyrights and Be retained the lawsuit against Microsoft which eventually settled for US $23 million. [0]: http://www.internetnews.com/ent-news/print.php/3073811/ http://www.internetnews.com/ent-news/print.php/3073811/