Attention Lawyers On Nostr
Lets say a holding company owns majority interest in many different companies. Yet they are entirely hands off with management and leave all business operations up to those who run the companies they own interest in. With absolutely nothing to do with them except owning interest in them on paper to generate revenue. This is stipulated in legal ageements with every company they own interest in for a separation of powers and to minimize their liability.
If one of those companies they own interest in is involved in illegal actions that open them up to a variety of legal mayhem such as class action lawsuits. What sort of liability and financial vulnerability exists for the holding company that owns interest them?
Could they be sued as well?
Or since they have no control or influence whatsoever. They are not liable for the actions of any businesses they own majority interest in. So they would be free and clear from legal actions against them.