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It means the troll's shell company, whose only asset is the now-useless patent, is shut down. The parent company isn't touched, nor the thousands of other subsi
by cosmie 14y ago
It means the troll's shell company, whose only asset is the now-useless patent, is shut down. The parent company isn't touched, nor the thousands of other subsidiaries owned by said parent company.
- DannyBee 14y agoDeliberately underfunding an LLC is not something that is going to be looked upon kindly, particularly if it's purpose is exactly to get around the law. Any judge worth his salt would either sanction the hell out of the lawyers involved, or let you go after the parents.
- damoncali 14y agoThat's the rub - what is underfunding? Should you have to plan to lose lawsuits?
- DannyBee 14y agoYes, you should have to plan what your exposure is when you lose lawsuits. Normal businesses already do, and warn about it in SEC filings.
- jrs235 14y agoAs I mentioned in another reply: How could the judicial system incorporate rules to pierce the corporate veil in such situations and therefore expose the shell company creator(s)? Would something like this help? And what are the cons?