It appears that the United States has passed a bill to protect vendors from Y2K liability. How will that affect us?
There currently is no such protection. There ‘s an article in the most recent issue of ComputerWorld about congressional efforts to limit liability for Y2K problems. At least one of the bills calls for a 90-day “cooling off” period before litigation can begin, and places limits on personal liability of corporate officers and directors, and places limits on punitive damages. Also, there is a law (passed last year) that companies are not liable for Y2K information they issue unless it can be proven that the company was not acting in good faith when it put out that information. Overall, regarding vendor liability for Y2K-related damages, since most of the damages haven’t occurred yet, it is difficult to predict how court decisions will go.
