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A defendant failing to adhere to this duty of care may be found liable for such economic damages proximately caused by its breach of duty.
The Court's rationale would sweep away the decisions recognizing that a defendant may be found liable in a private action for conspiring to violate § 10(b) and Rule 10b-5.
In particular, this action puts board compensation committee members on notice that they may be found liable for unsafe or unsound executive compensation practices that occur on their watch.
A federal judge ruled Wednesday that the Bank of China may be found liable for supporting terrorism in a case brought by the family of a U.S. citizen killed in a 2006 suicide bombing in Israel.
All named tenants in a regulated apartment may be found liable for unpaid rent and sued in the event of a lease breach, even when that default is caused by just one of them.
For instance, a lawyer or doctor who negligently gives bad advice may be found liable for malpractice, and licensing requirements for professionals may be restrictive.
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Additionally, a landlord who merely has the right to repair property rather than an obligation to do so may still be found liable, if one of the groups described in Section 4 was harmed by their failure to repair.
A similar analysis applies to civil cases: the defendant should be found liable where the expected disutility of finding him not liable when he is in fact liable exceeds the expected disutility of finding him liable when he is in fact not liable.
"I warn the supervisor/misbehaving boss that they may be found individually/personally liable to the employee.
"The Oregon Supreme Court has ruled that public employees may be found personally liable for returning any taxpayer funds (including federal dollars) that were misused for political purposes," concludes Rep. Blumenauer.
She said that may be because the killings he was found liable for in civil court were crimes of passion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com