The doctrine of joint and several liability is one factor that has contributed to the recent increase in the number of lawsuits against auditors and the size of awards to plaintiffs.

Question

Quizplus · Accepted Answer

The doctrine of joint and several liability holds each defendant responsible for the entire damages awarded, regardless of their degree of fault. This means that plaintiffs can sue all parties involved in a case, regardless of their percentage of fault, and collect the entire award from any one of them. This has led to an increase in lawsuits against auditors and the size of awards to plaintiffs.

The Doctrine of Joint and Several Liability Is One Factor