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Peter Orszag wants to use "evidence-based guidelines" to shield doctors from malpractice liability, control costs and improve the quality of care.
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With the plan, GM is trying to limit its legal liabilities, control the damage to its image and eventually move beyond the crisis caused by its failure to correct the ignition-switch problem for more than a decade, even as it learned of fatal crashes.
Section 20 of the 1934 Act imposes liability on "controlling persons"persons who "control any person liable under any provision of this chapter or of any rule or regulation thereunder". 15 U.S.C. 78t(a).
"Liability and control belong together".
Insurers recognise the problems that de-linking cost liability and control can bring, says James Dalton of the Association of British Insurers.
Debt guaranteed by all euro zone members in common "would substantially throw off the balance between liability and control," the Bundesbank said.
But Germany is still refusing to embrace eurobonds, with finance minister Wolfgang Schäuble saying this evening it would be a mistake to launch them nowm as it would: ignore lessons from the crisis that liability and control mustn't be separated.
They perceive a creeping mutualisation of debt, in which they are assuming liability without control – in other words, throwing astronomical sums of money into a bottomless pit without being able to enforce austerity measures or to stop eurozone leaders such as François Hollande from taking steps to change the retirement age, for instance, from 62 to 60.
And § 20, which imposes liability upon "controlling person(s)" for violations of the Act by those they control, exculpates a defendant who "acted in good faith and did not..
The paper deals with the actual and possible role of legal liability in controlling technology.
It is owned by a limited liability company controlled by Los Angeles luxury builder Bruce Makowsky.
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