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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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legal liabilities

Authored by: Wol on Wednesday, May 16 2012 @ 06:55 PM EDT

The big problem, is that the board are "trustees in loco
shareholders", but unless the board members are themselves significant
shareholders they pretty much have power without responsibility.

It has become far too difficult for beneficiaries - in general - to hold
trustees to account. Fix that problem, and you will fix many of the problems
afflicting America (and Western Capitalist Society generally).

After all, isn't that what's behind the current banking crisis? Isn't that
what's behind the failure of politics? Isn't that what's behind the reports I
see of dead peoples' estates being stolen?

While we may be somewhat better off in the UK, we still have serious problems in
that regard.

Cheers,
Wol

[ Reply to This | Parent | # ]

Do they?

Authored by: Anonymous on Thursday, May 17 2012 @ 10:27 AM EDT

Sony choose to remove functionality from the PS3 from the consumer.

It wasn't a choice for the consumer as the consumers only choice was which functionality would be removed.

There may very well not be Laws in place for such a thing, but I think there should be.

It seems the only time we see Legal Liabilities for a Corporation are in the most extreme cases. Or when a "new sheriff is in town" and s/he wants to make a mark early.

How about the RIAA, Apple and other Corporations apparently being able to use the police/FBI as their personal police force?

I'd really like to believe the Corporations in the US don't really have as much control over the authorities as the above picture paints... but with that kind of control... and if they do have it.... what real liabilities do they face?

RAS

[ Reply to This | Parent | # ]

Do they? - Authored by: Anonymous on Thursday, May 17 2012 @ 12:10 PM EDT
- Do they? - Authored by: bugstomper on Thursday, May 17 2012 @ 06:49 PM EDT
  - Two words - Authored by: Anonymous on Friday, May 18 2012 @ 12:11 PM EDT
Do they? - Authored by: PJ on Thursday, May 17 2012 @ 01:32 PM EDT

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