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But one reason the board criticized outside advisers, he said, might be to limit the company's own liability for its collapse.
Youngblood, who brought this to our attention, speculates that lenders are worried about their own liability for errant acts of their employees.
Similar(58)
Obtain liability insurance: In most cases, subcontractors pay for their own liability insurance as opposed to an employer who provides this for their employees.
The double whammy of Sarbanes-Oxley and accountants terrified of their own liability has conspired to generate 10-Qs and 10-Ks written by lawyers for lawyers.
For its part, Transocean, the owner of the Deepwater Horizon rig, has sought the protection of an 1851 maritime law, the Limitation of Liability Act, asking that its own liability in the accident be held to just $26.7 million.
(Second Mile's own liability coverage is a separate question).
PubPeer's own liability is a separate issue.
But Ford's directors can't be unmindful of their own liability.
However, Mr. Romney also has his own liabilities.
Since 2007, banks have had to report changes in the fair value of their own liabilities.
Much of the pre-tax loss came from a £4.6bn accounting charge for changes in the value of its own credit, which is a measure of how much it would cost to buy back its own liabilities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com