PaulR
Verified Software and Computer Tech
- Joined
- Feb 28, 2010
- Messages
- 3,082
- Reaction score
- 9,668
The adults involved with the children should have been advocating on behalf of them. That's how our world works, in theory, and legally.
In this case that would have been Royal Trust, which upon realizing that they couldn't run Empire effectively, sold the company to the highest bidder and put the proceeds in trust for benefit of the children.
I know some think BS had a duty when he bought Empire, and he made a generous offer concerning employment of the Winter kids and the ability to purchase part of the business, considering he and his business partner were borrowing nearly all the money ($250K of the $350K purchase price) and he also had a fiduciary duty to represent the interests of the people who lent him money.