"Dude" wrote:
Also, the intellectual property is often held in an offshore
corporation, though that is changing due to tax law reasons.
Where did you read that as applicable to kitplanes? Whether or not
that poses a problem come judgment time if the defendant loses, the
real issue is what that asset is worth. If a kitplane mfr loses
because the design is found to be dangerous, how much might a
plaintiff's attorney think the value of the design has just been
whacked? I doubt in most cases that the value of the design is all
that much, because unit sales volume is too low to place much of a
"capitalized value" on it. It's also reasonable for the attorney to
conclude the liquidation value is too unpredictable in this fickle
market. How often has the poor-selling Pulsar changed hands? Bottom
line, these companies generally are just not "deep pockets," with
numerous examples of empty ones.
Fred F.
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