The Cargo Letter |
Section A: Section: Trade, Financial & Inland News|
Section B: FF World Air News |
Section C: FF World Ocean News | Section
D: FF in Cyberspace |
Section E: The Forwarder/Broker World
Meyer Vs. Holley
U.S. Supreme Court>
Jan. 22 2003
Officer Liability -- absent special circumstances, a corporate officer is not vicariously liable in a civil lawsuit for torts committed by a corporation employee. Here, an employee of a real estate company allegedly engaged in racial discrimination. Plaintiffs brought suit against the individual employee, the corporation, & the corporate president. In reversing the lower court action, the Supreme Court stated that traditional vicarious liability rules limit liability in this case to only the corporation. While not a maritime case, this ruling may have a salutary effect on further attempts to extend maritime liability to corporate officers & directors.
King Jewelry, Inc. Vs. FedEx
9th Circuit Court of Appeals
Jan. 16, 2003
As defined in shipping contract, candelabra were "items of extraordinary value," and because federal common law governed a limited liability provision of the contract, California law could not be used to modify that provision, which complied with the released valuation doctrine.
http://caselaw.lp.findlaw.com/data2/circs/9th/0157093p.pdf
Class Notes
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Section A: Section: Trade, Financial & Inland News|
Section B: FF World Air News |
Section C: FF World Ocean News | Section
D: FF in Cyberspace |
Section E: The Forwarder/Broker World
Written from wire stories, the Associated Press, Reuters, Hong Kong Shipping News Lloyds & other world sources.
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