Word: suede
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Dates: during 1990-1999
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Indeed, the fear of being sued and having personal assets at risk is one reason that more people don't volunteer. In a Gallup study, 10% of all nonprofit groups cited liability concerns as the reason for losing one or more members. I happen to know such a person, and...
Predictably, there are murky areas. Setting up the grill near an obstacle course, for example, could be seen as gross negligence. And don't forget, even if you are blameless, you can be sued and incur legal expenses. So before giving your time to a community board--and especially if...
Decherd experienced a similar mistake during his years at The Crimson. Lubow, he and The Crimson were sued for libel concerning a story Lubow wrote about a tenure appointment. The case was settled out of court in 1973.
Worn out by producing, writing and performing, Shandling decided a few months ago to end the show. Negotiations to syndicate it--with the foul language edited out--have begun. Shandling's own plans are vague. The most pressing matter is his legal battle with his former manager, Brad Grey, whom...
And then there's Bankers Trust, which introduced the world to derivatives surprises in 1994. Procter & Gamble sued the bank after absorbing losses of about $150 million on a blown deal, accusing Bankers Trust of misleading it on the risks. The bank agreed to a costly settlement. Now it may...