Split High Court: Service Provider Can't Be Held Liable For Misrepresentations

WASHINGTON, D.C. - (Mealey's) A service provider cannot be held liable in a private securities fraud class action for helping or participating in another company's misrepresentations in a prospectus statement for a stock offering because the misstatements were made by another party and not the...

William A. Ruskin: The Product Liability Dilemma: Product vs. Service

By William A. Ruskin Courts have long struggled with hybrid fact scenarios that involve both a product and a service. When a corporate defendant is sued for personal injury, is it more advantageous for the defendant to be characterized as a service provider rather than a product manufacturer? The...