Lucius Malfoy (a very rich man) is a shareholder of Voldemort Corp (the "Corporation"). So far, Lucius has invested $1 million in the Corporation. The Corporation gets hit with a successful lawsuit for employment discrimination under which plaintiff recovers punitive damages of over $20 million. Since the Corporation only has $10 million in assets, it declares bankruptcy. The unpaid creditors would like to recover the difference from the shareholders. At the end of the day, what will most likely will be the extent of Lucius's losses? Question options: $1 million - his investment in the Corporation Whatever his pro rata share is (so if there are 10 shareholders, each would owe $1 million) $0, because as a shareholder he is insulated from personal liability $10 million - the whole difference because he is jointly and severally liable with the other shareholders