Before I start please remember....I didn't bring this subject up.
You're right: "piercing the corporate veil to get at some individual's money is not realistic"
...and it almost never happens because it isn't necessary and few bother trying.
A plaintiff in a case against a public corporation, especially one whose only assets are primarily in its IP, hopes to recover from a defendant's insurance company. And unfortunately as we've seen a plaintiff doesn't have to be very right to make things ugly.
The Company doesn't say much about it's directors and officers insurance ....either its coverage or its premiums (This is it: "While we maintain directors’ and officers’ liability insurance, certain costs, such as those below a retention amount, are not covered by our insurance policies. In addition, our insurance carriers could refuse to cover some or all of these claims in whole or in part.") BUT from fiscal 2015 to 2016 what they call Insurance Expense went up from $249,000 to $499,000. D&O insurance is mentioned as a contributor to the increase.
In the fiscal 2018 report they call it "Insurance and health expense" and it clocked in at $474,000. So IF they gave the D&O coverage a serious bump, or IF their carriers bumped their rates during the Mako era, the costs appear to still be in place.
ps. "I think Leo and company would get so mad at any bogus suit that they'd go out of their own pockets to extract a price."
Good luck with that. Maybe he'll take the piggy bank off the mantle piece and chase down the old Mako crew, too. And NR. Him and Sully could chip in.
But can it core A apple?
Yes Ralph, of course it can core A apple.
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