[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.