4 points | by bhouston 4 hours ago ago
2 comments
I originally read about it here but this article is paywalled:
https://www.nytimes.com/2025/09/12/business/pch-sweepstakes-...
Even after the assets of PCH were acquired it doesn’t include its liabilities. So these lifetime winners are completely out of luck.
What a strange deal - you can buy the assets of a company but not the liabilities? What oligarch invented that insantity.
I originally read about it here but this article is paywalled:
https://www.nytimes.com/2025/09/12/business/pch-sweepstakes-...
Even after the assets of PCH were acquired it doesn’t include its liabilities. So these lifetime winners are completely out of luck.
What a strange deal - you can buy the assets of a company but not the liabilities? What oligarch invented that insantity.