Since California is considered the epicenter of the foreclosure crisis, mortgage servicers could continue to face significant liability from that state in the absence of a settlement.
One involves reinsurance sold by General Re for years to a professional-liability insurer in the state of Virginia, now bust and with unpaid liabilities.
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Mazda presents one of the most contentious issues in tort law today: Whether jurors applying state-law concepts of liability can essentially write their own safety regulations for manufacturers.
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While interpretations of liability law vary drastically from state to state, these cases basically boil down to two principals.
While interpretations of liability law vary drastically from state to state, these cases basically boil down to two principles.
The Germans are not even allowing the new bailout fund, the European Stability Mechanism, to put money into Spanish banks - for example - without that capital simultaneously becoming a liability of the over-extended Spanish state.
The cases turn on fine points of the execution of the transactions and interpertations of state law concerning transferee liability.
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So if liability insurance was required of every dealer in the state and neighboring states, it could make a difference.
Had this been a private-sector enterprise, competition and the threat of liability would have spurred innovation in the form of frequent updating of the drug's purification and formulation with state-of-the art technologies and would have required rigorous adherence to government regulations.
Yesterday, the U. S. Supreme Court recognized that Congress meant what it said, holding that the Vaccine Act expressly preempts all state-law products liability suits challenging the design of widely administered childhood vaccines, which the Food and Drug Administration (FDA) has already determined to be safe and effective.
FORBES: High Court Upholds Federal Preemption of Design Defect Claims Against Vaccine Makers
Yet state ethics rules prohibit lawyers from using the threat of criminal liability to obtain advantage in a civil settlement.
Even more important, owners of limited liability corporations (LLCs) and subchapter S corporations will see their state income taxes eliminated entirely.
FORBES: It's Not Just The Feds, The States Face Their Own Fiscal Cliffs, Too
The Justice Department is pressing state attorneys general to release the banks from liability for a host of alleged violations in exchange for a far-reaching settlement, people familiar with internal discussions said.
The FBI team was sent at the request of the State Department and its findings will be reviewed for possible criminal liability.
On October 20, 2010, Citizens for Tax Justice (CTJ) published State-by-State Estate Tax Figures: Number of Deaths Resulting in Estate Tax Liability Continues to Drop (PDF).
But it is also not wholly irrational, since it is by no means clear yet how, when and even whether the eurozone will succeed in turning that 100bn euros into a liability of the banks alone, without adding to the burden on the financially stretched Spanish state.
In the world of SCF, the disclosure statutes most obviously implicated in civil and criminal liability issues are the federal and state securities laws.
Last year Votorantim's caution proved a liability when it was outbid by an energetic rival in the privatisation of Companhia Vale do Rio Doce, a state-owned mining and transport giant.
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