Subrogated insurance carriers have historically had success achieving recoveries in the automotive industry for property damage or diminution in value involving “conventional” defects, such as a faulty design which make a vehicle susceptible to a fire or improper activation of airbags. Advanced vehicle technologies present other, new opportunities for recovery, especially in the right case....
When luxury or collector vehicles are placed on consignment for sale, the lines of responsibility can become blurred if a loss occurs. This blurred line was illustrated in a recent claim involving two Porsche 911 GTS GT3 RSs valued at nearly $500,000. Both vehicles were on consignment when a fire occurred overnight, damaging multiple vehicles...
The Alter Ego doctrine is used by the courts to ignore the corporate status of a group of stockholders, officers, etc., so that they may be held personally liable for their fraudulent or unjust actions[1]. A parent corporation will be considered the alter ego of a subsidiary corporation if it controls and directs its activities...