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FUNimation sues ADV Films.

DaikunDaikun
edited January 2012 in Anime
Wait, what?

I didn't think it was possible to sue a company that's already liquidated. How does that work?

Comments

  • canine224canine224
    They are suing the companies that ADV sold their assets to, which most of those companies are made up of people who were in charge at ADV when it was around.
  • GreatTeacherMacRossGreatTeacherMacRoss
    And lo, the mighty anime industry had fallen,
    and the parts resorted to feasting upon themselves.
  • DaikunDaikun
    They are suing the companies that ADV sold their assets to, which most of those companies are made up of people who were in charge at ADV when it was around.
    The way the article is worded makes it seem as if FUNi is suing ADV itself, as if it was still around.
  • NuriNuri
    Wait, what?

    I didn't think it was possible to sue a company that's already liquidated. How does that work?
    There's a bunch of corporate law that dictates when you can get at people or companies who are related to the old company. Just like a person can inherit debt or contractual liability, so can a company.

    Basically, this is the crux of the matter:

    "The suit goes on to claim that ADV's transfer of assets "was made with the intent to defer, hinder or defraud the creditors of ADV," including Funimation, and that the new companies "succeeded ADV's contractual liability" in regard to the outstanding debt. "
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