Officers and directors generally owe their companies and shareholders a duty of diligence and due care. The law in most states ensures that reasonable and well-processed decisions that are made by business executives can be made with little fear of personal financial loss (?business judgment rule). However, in recent times, large disasters have caused some plaintiffs and officials to look beyond just the corporate entity to obtain relief.
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Catastrophic Losses: Pursuing Recoveries from Viable Defendants
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