Medical Malpractice | Legal Malpractice | Professional Malpractice » Corporations http://aamalpractice.com Ethical and Free Malpractice Advice Sun, 05 Apr 2009 12:34:45 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Can the failures running AIG be SUED for malpractice? http://aamalpractice.com/can-the-failures-running-aig-be-sued-for-malpractice/ http://aamalpractice.com/can-the-failures-running-aig-be-sued-for-malpractice/#comments Tue, 31 Mar 2009 14:41:50 +0000 http://aamalpractice.com/2009/03/31/can-the-failures-running-aig-be-sued-for-malpractice/ Continue reading]]>
Kosh asked:


Sure, they point to having contracts.

However, if there’s nothing in the contracts saying if you fail the company, you will be let go with no bonus (which would be a stupid contract because ANY contract should have a clause to allow termination in the case of non-performance), can these failures actually be SUED?

They had a certain fiduciary duty to the company and the shareholders. Additionally, once they accepted taxpayer money, they had a fiduciary duty to them as well.

Can the failures not be sued for a failure to perform in this capacity? Have their contracts recinded?

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