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Re: donkey40 post# 3112

Sunday, 05/30/2021 8:24:23 AM

Sunday, May 30, 2021 8:24:23 AM

Post# of 3647
You would have to ask Dan Montano why he is doing what he is doing, I can't say. But based on what I've read here posted by others, I suspect the reason why Dan is pursuing the company's assets to liquidate them (even if they are worthless) is because he's required to do this first in order to then pursue the officers and directors personally and their insurance company if there is one to collect his judgment. I'm not a lawyer nor am I involved, but if I understand correctly, actions taken by the officers and directors throughout this extended ordeal have created personal liability that allows for the piercing of the corporate veil. But I believe that first Montano is required to collect what he can from the company before he goes after the individuals.

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