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Lucy, Esq.
Lucy, Esq., Attorney
Category: Business Law
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In as ESOP if there was a civil lawsuit brought against a company,

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In as ESOP if there was a civil lawsuit brought against a company, are the shareholders protected or can they be sued as well?

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Shareholders are not liable for corporate debts. A person could only sue an individual shareholder if he had committed an independent wrong, that was not solely based on the fact that he owned stock in the company. That's one of the reasons that businesses incorporate - because the corporate form offers some protection.
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