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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (100930)1/20/2008 11:52:44 AM
From: Jet.ScreamerRead Replies (2) of 306849
 
Actually if the supreme court ruled the other way it would mean that any other company that participated in the fraud would be liable. Knowledge of the fraud would not make one liable so that the caterer would not be liable. An investment bank that raised money for the firm knowing that the accounting was based upon fraudulent transactions would be liable since fraudulent information was being used as an inducement. Fairness could be protected be making the plaintiff responsible for proving knowledge of the fraud. There is no reason why corporate america should not be held to "personal responsibility"
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