Derivative, respectively. Our analysis provides strong evidence that the higher liability standards imposed by Janus … significantly reduced auditors' liability exposure, but we find only limited evidence that the pleading standard imposed by Tellabs …

current earnings and meet short-term performance targets. Exploiting state-level auditor legal liability shocks as a means of …

Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is … externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability …

obligations of insurance intermediaries and a liability rule to sanction violations. In order to interpret and substantiate the …