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Investorman

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Investorman

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Re: Pay_tience post# 47790

Monday, 02/23/2004 9:54:40 PM

Monday, February 23, 2004 9:54:40 PM

Post# of 92667
The court will not care whether or not you think it is illegal and unfair. Companies CAN be sued and are all the time. Phan acted in his capacity as an officer of the corporation and therefore the company can be held liable for his actions in that capacity. It is alleged that HRCT received the money from illegal activities and therefore HRCT can be ordered to disgorge the money if the court finds the allegations to be true. This is not my belief - it is a matter of law.

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