An issue of contention has been whether the industry ought to be liable for punitive damages.
Federal law requires that banks are liable in the event of a security breach, and there is no bank that wants to be liable for a potentially large amount, so the companies have a very strong incentive to be very proactive and protect their customers.
As for having CEOs sign off on their companies' financial statements--how would members of Congress like to be personally liable for every appropriations bill they pass?
They will now think twice before giving legal approval to clearly legal military missions knowing they are liable to be blacklisted for defending the country.
Ministers also said legislation would be introduced next month to ensure that businesses will only be held liable for civil damages in health and safety cases if they can be shown to have acted negligently.
In its decision Tuesday, the court determined that only those companies that make disclosures to investors, or who are otherwise responsible to them, can be held liable for defrauding investors, according to the Securities Exchange Act of 1934.
The decision goes to the heart of a big controversy in civil law: To what extent can the government be held liable for failing to protect citizens against risks that are conceivable, but expensive and burdensome to protect against?
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The original purchaser not only would be required to have insurance, but would be liable for any violence committed with the weapons they purchased.
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However, if he wins, the Scottish government will only be liable to pay for Mr Walton's QC and solicitor - and not a junior counsel.
But as we see here, general partners can also be liable to investors for bad things that occur before the investors become limited partners, even if the general partner was innocent of those bad things.
When boards reject proposals for additional disclosure of conflicts of interest, when they refuse to investigate wrongdoing that has been brought to their attention, they should be held personally liable for any loss to the fund.
The court stated a new legal standard for a "tying claim" and remanded the issue to the district court for reconsideration of whether Microsoft should be found liable for "tying" its Internet Explorer to Windows.
Otherwise, there's liable to be a run for the exits by panicky investors.
As an advocate for individual investors, it's not surprising, I'm sure, to hear me contend that all participants who directly engage in activities to deliberately defraud investors be held liable for their actions.
In asking the Supreme Court to review the issue, Wal-Mart said the appeals court misapplied the standards for defining a class of plaintiffs, exposing it to punitive damages when it should be liable only for back pay.
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If an act of nature, a specific supplier or some other uncontrollable act can make it impossible for you to fulfill a contract (and thus open yourself up to legal action) then you should be putting to ink that you are not liable for incomplete work due to these factors.
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As for cardholders who are still waiting to be issued with chip and pin they will be able to continue to sign for their purchases in the normal way as retailers will not be liable if the card is used fraudulently.
Under the 2011 OVDI, taxpayers will not be required to pay a penalty greater than what they would otherwise be liable for under the maximum penalties imposed under existing statutes (FAQ 50).
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"The opinion makes clear that those criminals who act as principal culprits behind the scenes to organise, direct, and plot as well as those who actively participate in inciting, coercing, enticing, abetting, or assisting others to carry out self-immolations, will be held criminally liable for intentional homicide, " the paper said, according to a translation on the Dui Hua website.
Conservative David Davis said the taxpayer could be liable under rules designed to provide guarantees for sensitive industries.
If Apple is found to be liable, the company could face claims for damages in separate proceedings from a group of states that joined the Justice Department in the 2012 antitrust suit.
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To be fair, mutual fund investors should be liable for capital gains only when they actually sell their mutual fund shares.
And a separate bill, the Crime and Courts Bill, will have amendments ensuring that newspapers who refused to join the new regulatory regime would be potentially liable for exemplary damages if a claim was upheld against them.
SEC, 463 U.S. 646 (1983), which established that, in order for a tipper to be held liable, they must not only have disclosed material non-public information, but have also received some personal benefit as a result of the disclosure.
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Officers may ask a person to stop drinking in a public place for various reasons and failure to comply makes a person liable to be arrested.
But wary government officials also say there is a problem with that strategy: Executives can only be held criminally liable if they continue to work for that company.
In a case last year, that court said that if a third party engaged in conduct that created a false appearance or furthered a "scheme to defraud, " the third party could be held liable for participation in the scheme, even if it didn't make a statement of guilt or deliberately omitted such a statement.
It is also the case that they did, in fact, downgrade some mortgage backed securities during the period in question, but what will be litigated is how liable they are for the housing crisis and how much individual responsibility should be ascribed to the actions of the rating agencies.
Mansfield has the right to appeal, although the judge warned that it may be liable for any costs associated with the delays.
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Maryland statutes provide to the effect that a member of an LLC cannot be liable for the debts of the LLC simply because of the fact of membership.
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