I'm not sure you understand what limited liability means. Limited liability doesn't mean that the CEO can't be put in prison or Equifax liquidated. It means that after Equifax is liquidated, if there's still debts to be paid, I can't go into a private individuals 401(k) plan, see that they held stock in Equifax, then demand they empty their savings account to pay the debts for “their" company that they theoretically "own" in the form of stock. Limited liability doesn't mean corporations don't have to follow the law or can't be sued.