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    Matisse1912's Avatar
    Matisse1912 Posts: 1, Reputation: 1
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    #1

    Mar 24, 2008, 10:50 PM
    Limited liability in tort claims
    How limited liability operate in corporate groups with reference to tort claims? As I know that members are not personally liable for the debts of company, and in tort claims, it is expected that holding company liable for its subsidiaries' debts. How to explain this? Do I need to consider the limitation of limited liability?thanks in advance
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Mar 25, 2008, 06:05 AM
    Quote Originally Posted by Matisse1912
    how limited liability operate in corporate groups with reference to tort claims? as i know that members are not personally liable for the debts of company, and in tort claims, it is expected that holding company liable for its subsidiaries' debts. how to explain this? do i need to consider the limitation of limited liability?thanks in advance


    Sounds like homework and I believe the policy is that no one does anyone's homework here.

    I know if you post your conclusions someone will either agree or correct you.
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