directors and officers liability News
MF Global Alleges ‘Erroneous Accounting Advice’ in $1B Suit Against PwC
MF Global Holdings Ltd., which filed for bankruptcy after a failed $6.3 billion bet on bonds of some of Europe's most indebted nations, sued PricewaterhouseCoopers LLP for $1 billion, alleging ...
Bouchard Nominated as Chief Judge of Delaware’s Chancery Court
Delaware lawyer Andre Bouchard was nominated on Thursday to replace Leo Strine as the chief judge of the state's Court of Chancery, one of the premier venues for business disputes, according to a ...
7 of 25 Largest Class-Action Settlements Since 1995 Approved Last Year: ISS
Seven of the 25 largest class-action settlements since passage of the Private Securities Litigation Reform Act of 1995 were approved in 2013, according to a report released by the Securities Class ...
Hiscox, Beazley Join Forces to Offer $50M of D&O Capacity
Lloyd's of London insurers Beazley and Hiscox have partnered to offer brokers and clients a D&O consortium through which the syndicates will provide materially higher limits and offer additional ...
Berkshire Hathaway Specialty Introduces ‘Executive First’ D&O
Offering up to $100 million of D&O capacity, Berkshire Hathaway Specialty Insurance said on Thursday that it introduced Executive First, a policy designed to address the complex and volatile ...
Oracle Denied Bid to Have D&O Insurer Beazley Pay $20M Over Ellison Acquisition
Oracle Corp. can't rely on an insurer to pay $20 million to help settle shareholder claims over the software maker's acquisition of a company controlled by Oracle founder Larry Ellison, a judge ...
Inadequate Shareholder Disclosure and Other Killer Risks
While most of the killer risks that can torpedo a company exist within the walls of the organization, the deadliest—in terms of its hidden impact—relates to external communications, a risk expert ...
Judge Strine Nominated to Lead Delaware’s Supreme Court
Leo Strine, the outspoken chief judge of Delaware's nationally important business court, has been nominated to lead the state's Supreme Court, Delaware Governor Jack Markell said last Wednesday. The ...