[Download] "Senn V. Northwest Underwriters Inc." by Division One Court of Appeals of Washington # eBook PDF Kindle ePub Free
eBook details
- Title: Senn V. Northwest Underwriters Inc.
- Author : Division One Court of Appeals of Washington
- Release Date : January 31, 1994
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 71 KB
Description
AGID, J. -- Mary Ann Cimoch appeals an order of summary judgment holding her personally liable for defalcation of over $12 million from an insurance company of which she was an officer and a director. We hold that she breached her statutory fiduciary duty as a director of Consumers Indemnity Company, that her ignorance of another director's conversion of funds does not excuse her failure to act and that her inaction was a proximate cause of the company's losses. We therefore affirm.