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What is a profit sharing plan?
Punitive Damages
Financial compensation awarded to an aggrieved party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.
Fraud
A deliberate deception practiced to secure unfair or unlawful gain, or to deprive a victim of a legal right.
Scienter
A legal term referring to the knowledge of wrongdoing or fraudulent intent in actions that deceive others.
Common Law Fraud
A form of fraud based on case law where a false representation of a material fact is made with intent to deceive and resulting in damage to the victim.
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