

What the heck is a residential treatment school? Summer camp for suicidal kids?
What the heck is a residential treatment school? Summer camp for suicidal kids?
Don’t worry, Americans, even though Trump’s tariffs apply to imported gasses, we’re not charging you for this so it’s a 50% on $0.
You’re welcome! Enjoy the free carbon vapor!
It happens regularly. The most notable ‘tidy’ example I can think of would be when the Governments of US and Canada ‘bailed out’ General Motors. They did exactly what I’m talking about; they created a new legal entity called NGMCO Inc. which purchased almost all the Assets of the ‘old’ GM, including trademarks, names, websites, etc.
The key here is that the selling company was bankrupt. In such a case, the creditors want to try to get money back out of their ‘investment’ so the asset sale is done to cover debts. Selling liabilities generally doesn’t raise money for those creditors, so often after the money is all sucked out, whatever remaining liabilities exist are functionally void. Legally they remain until the corporation is dissolved, but with no ability to act on the liabilities (ie., no money to pay) this doesn’t functionally matter.
The ‘old’ GM changed it’s name to ‘Motors Liquidation Company’ and retained the liabilities. Shareholders of the ‘old’ GM were left holding the bag, so to speak. Technically, it was further split into trusts to ‘handle’ liabilities, but realistically ‘old’ GM sputtered out holding liabilities while ‘new’ GM carried on with minimal penalty.
You can have less ‘tidy’ cases as well, where substantial parts of a company are sold in an asset sale/purchase but leave behind a working company. In those cases the liabilities are not functionally abandoned. Disney purchasing FOX, for example.
Further reading:
https://www.investopedia.com/terms/a/asset-sales.asp
https://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganization
https://en.m.wikipedia.org/wiki/Acquisition_of_21st_Century_Fox_by_Disney
This is the exact reason GM still exists.
If the new owners purchased the assets, name, and technology and not the company itself, then it’s beholden on the remains of the old company to honour the deal… Good luck with that.
That is so far beyond predatory…the only reason to let this exist is to create wage slavery.
No it’s not. Look at the court level in which it was shown.
If you want to make an omelette, you might have to fuck a chicken.
Wait…
You’re assuming corpo America will drop the prices after. They won’t.
That’s not automatic
I don’t know why you’re being downvoted.
My neighbor throws rocks at my house because he wants me to move my fence and give him an extra 6" of backyard. I just ignore him and nothing bad has happened beyond needing to replace my bathroom window twice.
Ignore or give them what they want has worked well for me.
Agreed… although I would go a step further and say distributing the LLM model or the results of use (even if done without cost) is not fair use, as the training materials weren’t licensed.
Because only rich Ukranians could afford them, and the rich ones fled Ukraine when the war kicked up.
And MIPS too. NT 3.1, 3.5, 4.0 all saw MIPS, Alpha, and x86 releases.
Send abusive kids off to camp with vulnerable kids, stick them in a cabin and say goodnight? Sounds like a recipe for disaster.