Generally, the existence of a single, indivisible injury is necessary to establish that multiple defendants are jointly and severally
In the agreement itself, there is no specific language that says that [the companies are] jointly and severally
liable," said Kelley.
Furthermore, in light of the fact that Portielje exercised 100% control of Gosselin, the General Court was wrong to hold that the mere fact that Portielje did not take any formal management decision during the period in respect of which it was held to be jointly and severally
liable for payment of the fine was sufficient to rebut the presumption of the actual exercise of decisive influence on Gosselin.
Had the jury been asked to do so, United argued, it might have set United's share of fault at less than 25 percent, which would have made United only severally
liable under section 2-1117.
Generally, state law provides that general partners are jointly and severally
liable for the partnership's obligations.
Observation: CPAs should be aware the Tax Court in Murphy agreed with the IRS that, according to IRC section 6013(d), the husband was still jointly and severally
liable for the tax on the wife's gain of $50,000 if she didn't pay it.
Gates III, a Director and principal stockholder of the Company, will severally
agree to purchase at the subscription price any and all rights offering shares not purchased by other Company stockholders.
The rating action is in connection with: (i) the substitution of the irrevocable direct-pay letter of credit (LOC) severally
provided by BNP Paribas (rated 'AA-/F1+', Outlook Stable), the California Public Employees' Retirement System (CalPERS; rated 'AAA/F1+', Outlook Stable) and the California State Teachers' Retirement System (CalSTRS; rated 'AA+/F1+', Outlook Stable) with a substitute LOC issued severally
by JPMorgan Chase Bank, National Association (rated 'AA-/F1+', Outlook Stable), CalPERS, and CalSTRS; and (ii) the mandatory tender and the remarketing of the bonds, which will occur on Nov.
A and his former spouse, E, owed a series of outstanding tax liabilities jointly and severally
for various joint filings during their marriage.
When a joint return is filed, IRC section 6013(d)(3) requires both taxpayers to be jointly and severally
liable for any tax.
As an alternative course of action, the plaintiff can pursue the two founders and TASC, jointly and severally
, for $48,600.
The 'F1+' rating is currently based on (i) the external support of the Line of Credit Agreement (LCA) originally severally
provided by State Street Bank and Trust Company (State Street), WestLB AG, and California State Teachers' Retirement System (CalSTRS), and (ii) LAWW's own established market access and internal liquidity support.