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Mr. Hundley and Mr. Tollman signed notes making themselves liable for about $100 million owed to their lenders.
He points out that even if these facilities were closed completely, the city and state would still be liable for about $700 million in pension and other obligations.
The jury awarded TVT $24 million in compensatory damages and $108 million in punitive damages, with Mr. Cohen liable for about $56 million.
Fifield told the Senate today that the number of completed plans now stood at 2586, about half the target for this stage, and the government could be liable for about $392 million in cost overruns.
At the same time, it eliminates the "doughnut hole" that currently leaves seniors liable for about $3,500 per year in prescription drug costs, waives Part B premiums for some preventive services, and institutes "a host of reforms to help Medicare learn how to pay for quality rather than for volume".
The authors estimate that underwriters may be liable for about $60 billion in representation and warranty damages (emphasis in original).
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The rules extend the principle of disclosing "material connections" between advertisers and endorsees to bloggers and restate, in explicit terms, that endorsees can be held liable for untruthful claims about a product.
Last month, the SEC won a huge trial victory when it a federal jury found former Goldman Sachs executive Fabrice Tourre liable for duping investors about a shoddy mortgage deal, handing the SEC a major win in one of the few cases to emerge from the financial crisis.
Philip Morris' problems began in March when Judge Byron found it liable for misleading smokers about the dangers of so-called light cigarettes and ordered the company to pay $10.1 billion in compensatory and punitive damages plus an additional $1.78 billion in lawyers' fees.
But while an executive or director might be liable for an "opinion" about something they have expertise in, such as whether the firm has enough cash to survive the year, it is too much to hold them liable for opinions on the law that they base on industry practice or the advice of attorneys.
TOKYO (Reuters) - A district court in Fukushima prefecture on Tuesday ruled that Tokyo Electric Power and the Japanese government were liable for damages totaling about 500 million yen $4.44 millionn) in the largest class-action lawsuit brought over the 2011 nuclear disaster, Kyodo news agency said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com