Replies to post #32193 on Imaging Diagnostic Systems (fka IMDS)

[janvonscanner]

Mike Braun at the Braun Law Group in California was the attorney. There are no assets or anything to recover, even if you pierce the corporate veil. Grable owes the IRS millions and then more millions to the toxic lenders. What is there for a s/h to gain by suing? Vindication is great, but what are the odds of compensation?

We already know it's a sham.

[LongnShortOfIt]

Exactly what could be gained from suing? Besides NO SALES and NO MONEY, they have NO ASSETS!

You would have to sue them as directors and prove that they acted in a corrupt manner (that might be easy, now that I think about it) and then drag their E&O insurance into it. I think that's the only insurance they maintained - to protect themselves! And, that says they have assets to protect. Perhaps Uncle Al does. He might be the deep pocket. With FL real estate, her second homes are probably under water if not foreclosed already. Getting liens on primary homes is useless.

(after posting this, I read the rest of the posts and saw you guys already covered my points... - nice to know we're all thinking alike.)