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Re:Tesla must pay $329M in damages in fatal Autopilot case, ... by usefulcat on Friday August 01, 2025 @06:04PM (#44762962)
The “LL” in LLC stands for Limited Liability. The whole point is to financially insulate the owner(s).
Re:Tesla must pay $329M in damages in fatal Autopilot case, ... by JumpCrisscross on Friday August 01, 2025 @08:39PM (#44763959)
To be fair, I think they’re talking about seizing the LLC’s assets. Not the members’.
Re:Tesla must pay $329M in damages in fatal Autopilot case, ... by mingus88 on Saturday August 02, 2025 @06:57AM (#44766539)
Which is why you see execs get golden parachutes for failing. The assets get transferred to private parties who walk away to repeat the exact behavior they were just rewarded for at another firm.
Re:Tesla must pay $329M in damages in fatal Autopilot case, ... by Zigurd on Saturday August 02, 2025 @01:27PM (#44769488)
"Limited" doesn't mean impenetrable. Try not paying employees.
Re:Tesla must pay $329M in damages in fatal Autopilot case, ... by bumby on Saturday August 02, 2025 @03:47PM (#44770763)
“Piercing the corporate veil” is a viable way to hold individuals accountable so they doing hide behind the limited liability in certain cases, like fraud.