QUOTE (lehesu @ Apr 30 2010, 06:18 PM)

You show me a viable strategy for forcing LLC to pay without destroying the company, and I might buy this argument. I wouldn't expect TPTB to destroy themselves in an act of sublime justice (if this is even what we really want), so we have to go with the next best alternative, as distasteful as it is.
Oh, I like a challenge.
Step 1) Randall Forces Loren OutHere's the dilly-oh - Randall, more than Loren, has the best relationship with everybody in the company. If Randall had the chutzpah to go up to him and say "You're my friend, you'll always be my friend, but you've screwed up bad and you need to step down, I think we can assuage the other owners by giving them your controlling interest in the company." it would have been the morally and economically correct thing to do. Because Randall could literally freeze the company's operations; he has a better relationship with everybody in the company, and the freelancers, than Loren ever had, and Loren can't do shit on his own.
Yes, Loren can try to rip the company apart at that point, but then it would be Loren & Heather Coleman against all the other owners.
Step 2) IMR sells Loren's ownership to cover its debts.And yea gods does it have a lot of debts. Freelancers, printers, royalties to Topps - but hey, they've got an asset (shares) and they could at least hit the most immediate debts, and then work out a schedule for paying the others off in good time.
Step 3) IMR assures this shit never happens again.Stricter limitations on who has access to the account, actual bookkeeping practices instituted and followed, more stringent attention to the terms of contracts and accounts payable.
Step 4) A flurry of releases.Even selling off large chunks of ownership is probably not going to be sufficient to handle all of IMR's debts, so you're probably looking at a flurry of quick releases of e-books and the like to generate some immediate cash in order to cover until, say, printers are paid and the books they're sitting on are shipped.
But that will never happen, because Randall Bills decided his friendship with Loren Coleman was more important than making the difficult but correct decision that it would be better to force Loren out of the company he helped found before he ran it completely into the ground.