WebDec 1, 2024 · Brazil. A parent entity (domestic or foreign) can be held liable for the debts of an insolvent subsidiary if it has acted fraudulently, with gross negligence, with willful misconduct and/or in violation to the company bye-laws' provisions, to the detriment of the company and to its creditors, thereby contributing to the insolvency of the company. WebJan 24, 2024 · Corporations, however, may be held vicariously liable for criminal activity unless they are limited liability corporations (LLCs). Corporate liability is the legal responsibility of a corporation related to any criminal actions. For example, corporations can be criminally liable under the following circumstances:
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WebFeb 22, 2016 · In April 2016, a judge ruled that the case could proceed, rejecting the defendants' motions to dismiss. In October 2016, the Connecticut superior court dismissed the case based on the Protection of Lawful Commerce in Arms Act, ruling that the companies could not be held liable for harm caused solely by the criminal misuse of a … WebNov 22, 2024 · In June, the NSW Supreme Court held media companies such as Nationwide News (a News Corp subsidiary) could be responsible in defamation for posts by users on the Facebook pages of newspapers such ... WebFeb 19, 2015 · The eponymous characteristic of the limited liability company (LLC) is that the LLC, as a separate legal entity, is liable for its obligations to others and that no other person, whether as owner or agent, is vicariously liable for those same obligations. ... 122520 appeal denied, 117224, 2014 WL 1385161 (Ill. Mar. 26, 2014), the court held ... bishop hinton