Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> And even if it is what the jury just decided, Jones' company is already "bankrupt" (yet still on the air)

I was under the impression the courts were "unwinding" (perhaps not the correct technical term) some of his bankruptcy efforts for precisely this - being illusory efforts to avoid consequences, rather than functional lack of solvency.



I am under the same impression. Everything I've heard re: the bankruptcy filings suggests that none of his machinations will protect his assets from the courts.


I live in Texas, but I'm (distantly) familiar with California: when the defendant loses & is a complete turd, judges have (delightedly) "peered through the corporate veil".




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: