I believe you are wrong.
In my opinion any judgment against SmartWin is collectible against Sino, New Times or Genisis.
However, odds are they will settle with Malcolm beforehand for less than the actual damages. Probably to the tune of 15 to 20 mil.
On the other hand if Malcolm is such the stallworth that you point to, he just may hold out, seek (and get) punitive damages beyond the actual as some of the evidence suggests.
He's done good so far. But, from here on out, it all depends on the size of his cajonies.