If you make the ownership graph sufficiently complicated (as in enough companies crossing enough international jurisdictions through enough shared-ownership layers) you'll be:
1) invulnerable to lawsuits
2) the coolest person in the whole internet
1) invulnerable to lawsuits
2) the coolest person in the whole internet
For all the people who are saying that this is hacking the legal system you are correct. This is routinely done and I recommend you spend some time reading up on it, because it is fascinating.
For example, did you know that most cities are corporations?
I work for a portal that was recently acquired. The company who acquired the portal is, in part, owned by the same companies that own the telco that sold the portal, but the composition is different. I'm not even sure there are no cycles in the graph - it's perfectly possible some of the entities involved own themselves.