Re:Toys ‘R’ Us Didn’t Have to Die
by lotsofpulp on Monday June 11, 2018 @06:57AM
(#17283250)
Why wouldn't it be? Did the PE firm force someone to issue debt for a worthless business? I would hold the lender responsible for due diligence.
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The question was more: why does the law allow this? They are using one company to benefit another, then leaving it in debt without financial liability. Seems like a gaping loophole in the law there.