In 1995 the Private Securities Litigation Reform Act substituted proportionate liability for joint and several liability as the standard for damages.

ECONOMIST: Auditors

If your case is not settled but goes to trial, and the jury finds for you on liability, then the jury may award you such actual damages as it finds you have proved, as well as attorney fees and other costs of the action.

FORBES: Dealing with Identity Theft

The Oil Spill Liability Trust Fund ensures that there are sufficient resources available to pay for clean-up and damages associated with an oil spill.

WHITEHOUSE: The White House