Can A Dead Company Sue You? Maybe, Says Court.
A recent ruling in New York is allowing two dead companies to sue some of the world’s largest banks in an interest-rate bid-rigging scandal. The plaintiff for the case was an entity with the name of Fund Liquidation Holdings LLC who still had a stake in the case. The U.S. Chamber of Commerce says the decision opens the door to anonymous third-party funders filing lawsuits for profit or political gain.