Wrongful Act


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Wrongful Act

An accidental or deliberate violation of fiduciary responsibility by a member of a board of directors. Examples include relatively minor mistakes like misstatements to reporters that affect stock prices, as well as felonies such as theft or fraud. Wrongful acts can result in lawsuits. Directors and officers insurance protects companies from liability due to wrongful acts.
References in periodicals archive ?
Khanlari called for legal action to be taken against perpetrators of the wrongful acts of blasphemy, adding that the courts of justice must bring the perpetrators behind the bar.
Szura argued that General Insurance had a duty to defend the agency against intentional misconduct as well as negligent acts, errors and omissions because the "Exclusions" section of the E&O policy states: "We will defend the insured against such claim unless or until the dishonest, fraudulent, criminal, malicious or knowingly wrongful act has been determined by any trial verdict, court ruling, regulatory ruling or legal admission.
Wrongful deaths can be caused due to a negligent act, a wrongful act or even medical malpractice.
If a civil action in admiralty is pending in a court of the United States to recover for personal injury caused by wrongful act, neglect, or default described in section 30302 of this title, and the individual dies during the action as a result of the wrongful act, neglect, or default, the personal representative of the decedent may be substituted as the plaintiff and the action may proceed under this chapter for the recovery authorized by this chapter.
In other words, the insured committed a wrongful act by not paying the workers' wages.
One of the primary purposes of establishing a practice is to limit liability, or one's financial exposure, for damages arising out of a wrongful act or omission by a professional--or by a dangerous condition on the premises.
Torts; the civil law of reparation for harm done by wrongful act, 3d ed.
If there were no intentional or negligent wrongful act or omission on their part in carrying out the operation, the obstetricians would not be liable to P.
The court further held that Wrongful death actions can be pursued when the death is caused by the wrongful act or omission of another.
Thus, determining the existence of injury, and whether it need be established separately from the wrongful act itself, might play an important role in the award of costs or in the award of moral damages, even in the absence of compensable material damage for loss of profits or expropriation.
This suggests that the perpetrators had no sense that they were committing a wrongful act, and will not be censured.
Your wrongful act was providing the means by which they were able to participate.