Is Owning Stock an Abnormally Dangerous Activity? Shareholder Limited Liability in Tort

Authors

Daniel P. Schley CFAFollow

Abstract

This article reconsiders whether corporate shareholders would benefit from the application of tort law principles to a limited shareholder liability analysis. In this Article, the author argues that tort law would address limited shareholder liability under a negligence and not a strict liability regime, and that a negligence regime would produce results similar to those produced under the current corporate law framework. Mr. Schley finds that tort law, like corporate law, would uphold limited shareholder liability.

Recommended Citation

Daniel P. Schley CFA, Is Owning Stock an Abnormally Dangerous Activity? Shareholder Limited Liability in Tort, 24 Chap. L. Rev. 55 (2020).
Available at: https://digitalcommons.chapman.edu/chapman-law-review/vol24/iss1/2