Remix: How private equity took over everything
Decoder with Nilay Patel
00:00
Challenges in Holding Private Equity Firms Responsible
Holding private equity firms accountable for the decisions and actions of the companies they invest in is a complex and challenging task. Despite the visibility of these firms' influence and control over their portfolio companies, legally piercing the corporate veil to hold them responsible is arduous and varies by state. The strong legal defenses put forth by law firms representing these firms further complicate the process, making it extremely difficult to attribute accountability to private equity firms for the actions of their portfolio companies.
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