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tigermtb · 10-08-2010, 10:53 AM

Directors for a corporation can only avoid personal lawsuits, charges, etc if they follow specific conduct. They can't do certain things like commit fraud, etc.

There is so much happening that might be considered fraud and fraudulent statements made by Mallick and the Company that he can probably be held personally responsible which means he as an individual and his other companies and assets may not be safe from legal action.

10-08-2010, 10:53 AM
tigermtb Confirmed User Join Date: Nov 2003 Location: Canada Posts: 1,062	Directors for a corporation can only avoid personal lawsuits, charges, etc if they follow specific conduct. They can't do certain things like commit fraud, etc. There is so much happening that might be considered fraud and fraudulent statements made by Mallick and the Company that he can probably be held personally responsible which means he as an individual and his other companies and assets may not be safe from legal action. __________________ Jay \| JuicyAds Founder Businessman of the Year [YNOT Awards 2013] The most awarded adult advertising network with 25+ XBIZ, GFY, and YNOT Awards.