joint and several liability

(LIIBULLETIN preview)

In 1960, Brown & Bryant, Inc. ("B&B"), a now-defunct company, owned and operated an agricultural chemical storage and distribution facility located in Arvin, California on a 3.8-acre parcel of land. See United States v. Burlington North &...

(Wex page)
Overview

When two or more parties are jointly and severally liable for a tortious act, each party is independently liable for the full extent of the injuries stemming from the tortious act. Thus, if a plaintiff wins a money judgment against the parties...

(Wex page)
Overview

A legal doctrine, most commonly used in tort, that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency. Typically when respondeat...

(Wex page)

The Securities Act was Congress's opening shot in the war on securities fraud. Congress primarily targeted the issuers of securities. Companies which issue securities (called issuers) seek to raise money to fund new projects or investments or to expand...

(LIIBULLETIN preview (pre-2014))

Consolidated with Burlington No. & Santa Fe R. Co. v. U.S. (07-1601).