Replies to post #39032 on Imaging Diagnostic Systems (fka IMDS)

[LongnShortOfIt]

My 100% guess is that Hicks knows there's no reason to sue since his funding was the basis for the death spiral. He's already gutted the company, so what would he sue for? On what basis? and where's the deep pocket to pay him? Remember, he would have to allege Management misconduct since I believe that's the only insurance they kept... for their own personal protection.

On your first point, wasn't the guy who bought this an accountant/auditor? Wouldn't you think he'd do his DD?

[GrundleHunter]

Pierce the corporate veil!


If ever there was a time.