In most bankruptcy cases, the courts don't allow creditors to go after losses from unrelated companies. Sure, anybody can sue anybody for anything. But Honda and king george can afford good lawyering, and the law would be firmly on their side.
Less than a month ago the US Supreme Court decided (by inaction) that companies complicit in Enron's cooking of the books could not be held accountable. Enron is THE WORST corporate criminal in the history of the US. And these other companies were definitely guilty of helping Enron hide the losses. But the creditors aren't even being allow to sue.
http://www.bloomberg.com/apps/news?p...iJ6OE&refer=us
The Supreme Court seems to say that limited proof of fraud isn't enough. That a huge amount of premeditated fraud would be necessary to sue solvent companies for the sins of separate bankrupt companies. The suits like those suggested above would seem to have no chance at all. A lot of courts would probably reject them out of hand.
Now if the creditors could PROVE that the management of the irl was complicit in a pre-conceived plan to steal away assets that should rightfully be theirs, I think almost any court would let king george be sued. Hell, proof of that might be enough to put the corporate heads in the slammer.
But proving that sort of thing is damned difficult. At the very least you'd need someone on the inside willing testify to the corruption. But you'd probably also need documentary evidence. Even george isn't stupid enough to keep paperwork around that could put him in jail.
I'm no lawyer, but I think the suits suggested above probably wouldn't survive a single day in court. They'd cost Honda and george a few grand to get dismissed. In the scheme of things, big freaking deal. Worries about suits like that are probably just fear, uncertainty and doubt being sowed by those who are about to lose their shirts. Honda's and george's lawyers have probably already assured their clients how much of a joke those threats really are.
