- Joined
- Dec 28, 2014
Even at the $50m they supposedly "have to pay" would wipe them out and kill the company due to the sheer scale of it. Denton flogged off part of his ownership of the company to try and limit the damage and exposure to his own finaces the other year because the courts could come after the owners rather than the company for cash.
That won't work. Both Denton and Daulerio are co-defendants in the case, and unless the verdict somehow splits it up specially, jointly and severally liable for the torts they personally committed jointly along with the corporate entity. That means each of them can separately be gone after for the entire verdict if, for instance, the corporate defendant ceases to exist.
One good thing is that since there are actually important free speech issues in the case, there will likely be an appeal because Denton isn't going to cease to exist. He's just gonna have a bad time.