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A comment on CD Projekt Conference Call with the Management Board [pdf] (Dec 14). Parent comment

Re:CD Projekt Conference Call with the Management Board [pdf... by killtimeatwork on Wednesday December 16, 2020 @04:30AM (#25440584)
> Company 1: The company went bankrupt, founder renamed the company, started a new company with the same name as the original, transferred some assets for pennies on the dollar. It later went public, but collapsed in the dot-com crash.

Is that legal? It looks like the CEO of the company willingly harmed the company's interest to enrich himself, which is basically fraud.

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Re:CD Projekt Conference Call with the Management Board [pdf... by icedchai on Wednesday December 16, 2020 @11:46AM (#25444721)
My understanding is that it was done in a legal manner. The majority of the investors were "friends" and had to give sign off. They got a smaller stake in the new venture and promise of larger returns, etc.
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