So this defensive strategy was planned from the beginning. The L in LLC stands for limited. It means Nintendo won't get any money. Tropic Haze LLC declares bankruptcy and tells Nintendo "our assets are two rolls of toilet paper and this empty can of coke, GL with getting your millions". Certainly cheaper than fighting a top lawyer team with unlimited funding
It's complicated. I'm no lawyer so take this with a grain of salt, but LLCs don't offer blanket protection.
https://en.m.wikipedia.org/wiki/Piercing_the_corporate_veil
It is possible to go after people directly, and side step the LLC protection in certain cases. Depends how much Nintendo wants to screw these guys.
So this defensive strategy was planned from the beginning. The L in LLC stands for limited. It means Nintendo won't get any money. Tropic Haze LLC declares bankruptcy and tells Nintendo "our assets are two rolls of toilet paper and this empty can of coke, GL with getting your millions". Certainly cheaper than fighting a top lawyer team with unlimited funding
Is that really how it works? Good for them in that case.
It's complicated. I'm no lawyer so take this with a grain of salt, but LLCs don't offer blanket protection. https://en.m.wikipedia.org/wiki/Piercing_the_corporate_veil
It is possible to go after people directly, and side step the LLC protection in certain cases. Depends how much Nintendo wants to screw these guys.