May
31
Morning Agenda: How Far Does Corporate Liability Extend?
ByHOW FAR DOES CORPORATE LIABILITY EXTEND? |MetLife is being sued by people who lost their money through a Ponzi scheme and say that the insurer ignored or failed to notice signs that agents and brokers were peddling the financing program,
Victoria Finkle reports in DealBook. The legal battle has raised questions about how far a company’s liability should go.
When Diversified Lending Group crashed in 2008, the Securities and Exchange Commission sued Bruce Friedman, the man who ran it, accusing him of misappropriating millions of dollars in investor funds. He had operated a Ponzi scheme and defrauded hundreds of investors of more than $200 million, according to court documents…
Morning Agenda: How Far Does Corporate Liability Extend?
