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by sokoloff 1111 days ago
> if they don't have enough money to pay the fine, who is on the hook for the remaining damages?

No one. The remaining damages go uncollected as there is no one to collect them from. Shareholders, bondholders, and junior creditors are wiped out of their ownership stake in 3M and the 3M company would cease to exist.

1 comments

And see - that's my issue. The fact that real people will still be fucked and unable to pay real medical costs associated with 3M's actions, yet the company and its shareholders can just say "oh, no more money, sorry" and wipe their hands.

I get the legal concept of Limited Liability, and appreciate why it's a thing, but I also get a really bad taste in my mouth if a corporation willingly and knowingly causes mass harm and doesn't face the full consequences for its actions.