Comment Re:Corporations are people too (Score 1) 226
That's the most common outcome, but it doesn't always work that way. It is possible for the court to hold the corporate officers or investors personally liable. It's called piercing the corporate veil. Doesn't happen too frequently, but it happened to Limewire (http://blog.ericgoldman.org/archives/2010/05/limewire_smacke.htm), who played in the same space, just a few years ago.