BusinessTort Liability

Purpose of Assignment

You may be familiar with personal torts such asnegligence; however, business torts are different as they are being committednot against the person but rather against its intangible assets. Think aboutwhat this means and how each aspect of your work might result in a businesstort being committed.

Assignment Steps

Scenario: In the midst of the ongoing rhetoric and movement toachieve Tort Reform, business tort liability must be acknowledged and plannedfor as a reality. As the manager of legal risk and corporate governance for amajor multi-national pharmaceutical corporation, the board of directors hascommissioned you to work alongside your CEO and General Counsel to prepare areport regarding this liability and the exposure it creates for theorganization.

Create a maximum 1,050-word report, excluding title andreference pages.

Address the following in the report:

·Evaluate the impact of business tort liability on thepharmaceutical industry in general.

·Determine the growth of business tort liability in thepharmaceutical industry and discuss where and why tort reform is needed.

·Assess the impact of business tort liability on corporateliability under the Alien Tort Statute.

·Explain how business tort liability can be reducedthrough the implementation of the risk management process.

·Analyze how business tort liability can escalate tocriminal liability.

Cite a minimum of two references for the five content areastaken from a business or legal resource. One reference must be from theUniversity Library.

Format your paper consistent with APA guidelines.