Quote from: Vladimir on June 12, 2012, 02:28:12 PM

tl;dr Bitcoinica thinks that having their computers hacked releases it from any liabilities to everyone.

I doubt they actually think this or are treating the incident as such, but still it would be good to hear it from a Bitcoinica LP representative themselves.

From Wikipedia: http://en.wikipedia.org/wiki/Force_majeure

Quote

Force majeure is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term act of God (such as hurricane, flooding, earthquake, volcanic eruption, etc.), prevents one or both parties from fulfilling their obligations under the contract. In practice, most force majeure clauses do not excuse a party's non-performance entirely, but only suspends it for the duration of the force majeure.

Force majeure is generally intended to include risks beyond the reasonable control of a party, incurred not as a product or result of the negligence or malfeasance of a party.

EDIT:

Quote from: Vladimir on June 12, 2012, 02:28:12 PM

Let's assume that those tos are geniune.

This is from the Google Cache:
http://webcache.googleusercontent.com/search?q=cache:bitcoinica.com/pages/tos&hl=en&biw=1600&bih=809&prmd=imvns&strip=1

Update: Oh sorry it now redirects to the root page. I made a copy here on May 14: https://bitcointalk.org/index.php?topic=81639.msg900412#msg900412