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 ?
SIDE A - Cover for individual DandO who face allegations due to wrongful act and organization is unwilling to indemnify the Directors and officers and they end up risking their personal assets.
When defining insurable acts, many cyber insurance policies separate wrongful acts into 2 categories, "Network Security Wrongful Act" and "Privacy Wrongful Act".
An exclusion severability provision states that no wrongful act committed by any one insured shall be imputed to any other insured for purposes of determining the applicability of any of the exclusions.
The 11th Circuit Court of Appeals recently examined the wrongful act doctrine and noted that the litigants failed to cite a single case from the Florida Supreme Court describing the doctrine.
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.
If a wrongful act is committed not in discharge of official duties, the department can never have evidence to sustain the charge of doing a criminal wrong which would be a misconduct.
Not only would criminals thus start contributing to society, but it might make some of them think twice before they commit any wrongful act, knowing that such a fate awaits them if caught.
Because the policy defines wrongful act as "any actual or alleged negligent act, error or omission, Personal Injury or Advertising Injury," the policy "covers only liability for negligent conduct.
Because the policy defines wrongful act as "any actual or alleged negligent act, error or omission, Personal Injury, or Advertising Injury," the policy "covers only liability for negligent conduct.
The first one is that Israel should accept that it's paying this money as a result of its wrongful act.
Wrongful deaths fall under the California personal injury litigation which allows the family of victims to ask for compensation from the party whose wrongful act or negligence resulted in the death of an individual.
By allowing the issue to proceed to a jury verdict, the judge acknowledged that individuals could be held personally liable based on their level of participation in the alleged wrongful act.