>> You're saying an investor (GM) can be held liable for what the limited liability corporation (Nikolai) did?

> In some cases, yes.

Now I'm curious. Can you give an example?

This[1] is a pretty good overview to piercing the corporate veil. I suppose it's technically possible for a company to be liable for what a company they invest in does, but there would have to be some pretty weird circumstances (for example, if the two companies had substantially co-mingled finances and leadership).

I don't see any of it applying to the GM/Nikola deal.

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1. https://www.nolo.com/legal-encyclopedia/personal-liability-p...