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Wrongful Act
(redirected from Wrongful Acts)

   Also found in: Legal 0.01 sec.
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.


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LG Display, the world's second-largest supplier of LCD panels, said in a statement it "acknowledges the wrongful acts of the past" and respects the European Commission's regulatory authority.
Take the case of a child day care services, they have a duty to afford sufficient supervision of its surroundings to ensure that the kids are out of harm''s way, which includes keeping them away from the likely wrongful acts of outsiders.
Coverages available: General liability, auto liability, excess/umbrella liability, wrongful acts, employment practices, special events, property, law enforcement liability.
 
 
 
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