A central conclusion of the economic analysis of corporate liability is that the level of liability should generally equal harm.
This leads to the result that optimal level of liability can be either above or below harm.
C1 New Liability for Banks The settlement by which Merrill Lynch avoided being prosecuted for its dealings with Enron has helped establish a new level of liability for bankers and investment houses.
Second, unlike past studies, we focus not only on anti-takeover laws, but also add indices to capture the level of liability protection for directors and officers under each state's laws.
The Merrill settlement is just the latest step in a line of actions by regulators, prosecutors and the courts that have effectively established a new level of liability for bankers and investment houses involved in a business known as structured finance, which involves hundreds of billions of dollars.
Mr. Abernethy said, "There's only one major unresolved issue: What level of liability will health plans face for decisions involving questions of medical necessity?" The merger talks reflect changes in the health insurance industry, as old-style "fee for service" insurers move into managed care.
Second, the high level of liability imposed by the new rule to the platforms, aka "gate-keepers," should ensure the integrity of the game.
The deductible--the initial amount of money that an insurer is exempted from paying on a claim--is variable, ranging from $250 to $1,000, as is the level of liability ($300,000 , $500,000 or $1,000,000.
An interesting hook is that intermediaries under Title III will be accountable with much higher level of liability than those who are focusing on accredited investors only which I believe will shrink down the new tool from spreading significantly.
