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by _delirium 4622 days ago
The MPAA estimates [1] that the company has $2-4 million in assets, but seems to be asking for the higher number just to send some kind of a message.

If I'm reading correctly, it would be isoHunt, not the founder, responsible for the judgment, so they would just declare bankruptcy, and the MPAA would get whatever assets are left in liquidation. The founder wouldn't be responsible for paying the remainder.

[1] http://torrentfreak.com/mpaa-says-piracy-damages-cant-be-mea...
2 comments
benmccann 4621 days ago
It appears they were suing the founder, Daniel Fung, personally and in addition to suing the company. The lower-court case is Columbia Pictures Industries Inc. v. Fung, 06-cv-05578, U.S. District Court, Central District of California (Los Angeles). The appeals court case is Columbia Picture Industries v. Fung, U.S. Court of Appeals for the Ninth Circuit, 10-55946 (San Francisco).

http://law.justia.com/cases/federal/appellate-courts/ca9/10-...

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esw 4621 days ago
>The founder wouldn't be responsible for paying the remainder.

I wasn't sure because the article indicates the judgment was against both isoHunt and the founder (Gary Fung).

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