Enforcing Exculpatory Provisions Against Meritless Claims
March 17, 2014, 5:54 PM EDT
Law360, New York (March 17, 2014, 5:54 PM EDT) -- When faced with exculpatory provisions that limit or preclude their damages, plaintiffs use several tactics to avoid their contractual promises. Common examples include sensationalizing ordinary breach-of-contract claims so they resemble claims for gross negligence, fraud and consumer fraud. The opinions discussed below illustrate how arguments should be made during the pleadings stage to defeat plaintiffs’ attempts to turn a mere breach of contract into something much more.
Common Pleading Tactics to Void Exculpatory Provisions
Many states refuse to enforce exculpatory provisions if the party...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.