The Insolvency and Financial Rehabilitation Law came into effect in 2019. The new law added a new cause of action for imposing personal liability on a director or CEO of a corporation in insolvency in ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Michael Logan is an experienced writer, producer, and editorial leader. As a journalist, he ...

Insurance commissioners serving as liquidators of insolvent insurance companies should be mindful of the potential for personal liability arising under the Federal Priority Act (FPA) and potential ...

April 10, 2025 - Federal, state and local governments have historically used a collection tool known as Responsible Person Liability (RPL") to recover unremitted taxes and trust fund obligations that ...

Here’s how to make sure you’re covered if you are deemed responsible for harming someone else or their property Written By Written by Contributor, Buy Side Tanza Loudenback is a contributor to Buy ...

NEW YORK(Thomson Reuters Regulatory Intelligence) - More than 1,000 bankers went to jail as a result of the U.S. savings-and-loan crisis in the 1980's. But the pendulum of personal accountability ...

Over three-fifths (62%) of global CISOs are concerned about being held personally liable for successful cyber-attacks that occur on their watch, and a similar share would not join an organization that ...

A process server hands you a stack of legal papers. It means trouble. The reason? Two of your trains derailed near populated areas. They carried toxic waste and volatile chemicals; there were fires ...