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 ?
The securities broker-dealer product addresses claims arising from the alleged wrongful acts and wrongful supervisory acts of an insured securities broker-dealer who renders or fails to render professional services.
He underlined that a strong movement is required to stop the repetition of the wrongful act of blaspheming sanctities.
A daily amount of liquidated damages shall not transport if it is caused by the wrongful acts Bidder that the goods affected by the default value of 30% of the net against,
The E&O policy covered claims "made against the insured for wrongful acts arising out of the performance of professional services for others.
Coverages available: General and auto liability, excess/umbrella liability, wrongful acts, EPL, special events, law enforcement liability, educators legal liability, pollution.
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.
18) For example, provincial members of the executive committees responsible for health, and the provincial departments of health, may be held vicariously liable for the wrongful acts of their employees committed within the course and scope of their employment even if they were disobeying instructions.
One reason for preferring an analysis based on "causation", however, is the difficulty in concluding that the Republic's wrongful acts in fact "caused injury" to City Water, as set out in paragraph 798(a) above.
WHILE failing politicians encourage voters to support UKIP to defeat the rising BNP, one shouldn't believe for a moment that UKIP is any different from the other parties now shunned for wrongful acts.
International law -- including, international human rights law, international humanitarian law (IHL), and the law of state responsibility for wrongful acts -- places specific, binding obligations on the State of Israel (based, inter alia, on its duties as an Occupying Power) with respect to the maintenance and development of normal life in occupied territory.
To make matters worse, you've been told that the lawsuit is not covered by the directors and officers (D&O) insurance policy (coverage may be denied for the fraud claim because the company withheld information in the application for insurance, or for all the alleged intentional wrongful acts The fees that are being paid to the defense attorneys are reducing policy limits that could be used to settle the case, and it has been mentioned that you have to pay some of the costs to defend and help settle the case.
However, this Article acknowledges that the situations of coercion of another state are not necessarily rare, as the superpowers during the Cold War could have applied more coercion on other states to commit internationally wrongful acts, for example, though they ultimately did not do so.