QUESTION
What is the financial responsibility of an RME of a corporation?
Asked on Apr 20th, 2020 on Construction Law - California
More details to this question:
I worked as an RME of a corporation for less than five months. The man running the company took a lot of people's money and left the country. While I was there I spent all of my time on two projects. Now people are coming after me for their money back on projects I was not involved in. Also I was not involved in the finances of the company and was not aware of what he was doing until after he left the company.
1 ANSWER
The answer is it depends on a number of factors, like did you have a financial interest in the company?, and was the company a corporation or some other form? If you had no financial interest, you were not invoived in the specific projects in question or the entity you worked for was a corporation, I would say you are likely in the clear, but that does not mean you wont get sued if you are the last man standing. I would be more than happy to further discuss this matter if you would like. Please contact me to schedule a meeting. 213-612-9900 and ask for Eric Smith. if I am not in, leavbe a message and i will promptly get back to you within 24 hours.
Answered on Apr 22nd, 2020 at 10:17 AM