Supreme Court dismissed claim against bank directors for loan loss damages due to lack of fault.
Legislator summary
AI generatedThe Supreme Court dismissed the plaintiff's claim seeking damages from the board members and CEO of a savings bank for losses incurred from a loan. The plaintiff argued that the directors failed in their duty of care, while the bank contended that the loan was approved based on accurate information and no negligence occurred. The court ruled that the directors were not liable because there was no evidence of fault or breach of statutory duty in the decision-making process.
Legislator headnote
AI generatedS. 10 of the Act on the Liability of Directors; Directors of a savings bank are not liable for loan losses unless they acted with fault or breached their statutory duties of care.
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Kysymys säästöpankin hallituksen jäsenten, valtuutettujen ja toimitusjohtajan korvausvastuusta pankille luotonannosta aiheutuneista vahingoista sekä korvauksen sovittelusta.