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Originally Posted by thinkx
its a nice idea, but what if the case is settled and won and Ibill files bankruptcy? then everyones screwed. Wouldnt be the first time for a big company to pull this.
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That's the reason I was throwing in personal liability thinkx.
Don't matter a toss if the company goes bust - the officers of the company still have a case to answer (forgetting any possible criminal acts) under certain corp laws where their is a legal obligation to act for shareholders and also not to the detriment of creditors. Company officers can and are held personally liable for any misconduct. Can't remember which state iBill was incorporated, but chances are that state has corp laws in common with most others.
In the instance of iBill where there is, most probably, an intent to throw everything into a melting pot and deliberately confuse the issue and where this involves parties who claim not to have involvement - poss the best course of action is conspiracy - tho that's criminal and not likely to result in creditors being paid.