moneys owed; debts or pecuniary obligations (opposed to assets ).
Accounting. liabilities as detailed on a balance sheet, especially inrelation to assets and capital.
In class actions, given the impracticality of proving a defendant’s liability with respect to each and every member of the class, plaintiffs have increasingly sought to use statistical sampling to establish class wide liability. However, the use of statistics for that purpose has proven highly controversial, as illustrated in a California Supreme Court decision issued on May 29, 2014 in the case of Duran v. U.S. Bank N.A.
An epidemiology expert was requested for a liability case involving the hospitality industry.