New Chapter 27 explores the popularity of Side A D&O
Insurance policies, which have skyrocketed in recent years. Many insured and
insurers remain unclear as to how the policy should respond in various
circumstances and what is the true exposure being covered under a Side A
policy. This new chapter...
Since late last year, reports have been circulating that
the U.S. government is investigating whether drug companies paid bribes
overseas to increase sales and to obtain regulatory approvals. Some firms have
now announced that they have reached settlements with enforcement authorities.
And now the...
The modern public company D&O insurance policy
provides coverage not only for the directors and officers of the company but
also for the company itself - however, in the public company D&O insurance
policy, the entity coverage applies only to securities claims, a limitation
Many organizations purchase management liability insurance
to provide liability and defense cost protection for their directors and
officers. But the management liability insurance protects the individuals only
for their actions undertaken in an "insured capacity." The policies are not
Lee Farkas, the criminally convicted former Chairman and
majority shareholder of the defunct Taylor Bean and
Whitaker Mortgage Corporation , must repay the nearly $1 million in
defense fees the company's D&O insurer had advanced on his behalf,
according to an April 11, 2013 Fourth Circuit...
In what the plaintiffs' lawyers claim to be the largest
derivative lawsuit settlement ever, the parties to the News Corp. shareholder
derivative litigation have agreed to settle the consolidated cases for $139
million. The company also agreed to tighten oversight of the company's