Legal Question in Business Law in California
John,a multi millionaire is the major shareholder and director of Jojo Sdn Bhd.Jojo Sdn Bhd is in a lot financial difficulties and are indebted to many creditors.Jojo Sdn Bhd owes Maniam a lot of money and upon liquidation could not pay Maniam.Maniam wants to sue John and seeks your advice. Maniam is also asking your legal advice whether the implication would be different if John was found to be the mastermind in defrauding Maniam and other creditors and he had resigned leaving Jenny as the sole director of Jojo Sdn Bhd.
Asked on 10/25/13, 9:17 am
2 Answers from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
This "question" seems to be law school homework. LawGuru rules require us to answer only real-world questions, and not to help with schoolwork.
Answered on 10/25/13, 9:30 am
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