GREY:XEBEQ - Post by User
Comment by
AlwaysLong683on Oct 03, 2022 11:36am
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Post# 35001627
RE:RE:RE:RE:RE:RE:Still questioning everything
RE:RE:RE:RE:RE:RE:Still questioning everything 1) I don't think you can sue a company during the CCAA process or if/when they declare bankruptcy.
2) If XBC comes out the other end with a re-structuring plan that includes their old shares being worthless and new shares being issued and available for purchase by the next round of "investors", you may not be able to sue the "old" company as it may legally be viewed as no longer existing....?
3) Even if 2) is incorrect, suing a restructured company just coming out of CCAA would probably put them out of business right quick, so you'd likely just be wasting legal fees in trying to do this.
If a pension plan or other large entity does take legal action, I suppose the above is wrong as I would think they'd get good counsel before initiating such a suit that would have a good chance of actually paying off.