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He resigned a week later, as he appeared to be a heavy liability for the Democrats facing parliamentary elections on July 11.
In addition to foreshadowing more losses for the party in November, the outcome appeared to call into question the belief that Senator Barack Obama of Illinois could be a heavy liability for his party's down-ticket candidates in conservative regions.
And his vocal support for President Vladimir Putin became a heavy liability after Russia's suspected meddling in the 2016 presidential campaign.
Dually eligible beneficiaries are still viewed as a heavy liability to public and private insurers in the United States [ 3].
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That made the country's banks, which had heavy liabilities in other currencies, insolvent almost overnight.
Playing to concerns about potentially heavy liabilities, Mr. Icahn underscored yesterday that "the clock is ticking on tobacco litigation".
And America's households may finally turn to the unfinished business that the last, mild recession never took care of: namely, a savings rate of little more than 2% of disposable income.The Fed seems untroubled by households' heavy liabilities because the value of their assets has increased even more.
In part, this is because the PSLRA was primarily focused on claims under the '34 Act and thus did not squarely address the "heavy liabilities" and more lenient pleading standards under the '33 Act, a combination that makes newly public companies uniquely vulnerable to securities claims.
The Spanish firm Abengoa has narrowly escaped bankruptcy for now, but like SunEdison it's saddled with heavy liabilities and dubious paths for paying them off. .
A bigger problem with enforcing such a heavy tax liability, as President François Hollande discovered, is that many rich taxpayers literally will not sit still for it.
For example, Schmidt gives his advice for employees of companies going public: he recommends taking your time and being careful about selling stock so that you actually make money and don't just incur a heavy tax liability.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com