When corporate officials face an SEC enforcement action, the
testimony of non-party corporate employees is sometimes required. The insurance
question that may arise when this happens is whether the attorneys' fees
incurred in connection with these...
On August 10, 2015, in an opinion that has already garnered a great deal of attention and commentary, the California Supreme Court ruled that an insurer that funded the payment for its insured of independent counsel (or “Cumis” counsel as...