D&O Liability

LIVE PLUS UPDATE: What’s Wrong With the Claims Process?

By Troutman Pepper Locke on February 26, 2009

This morning, there was a panel discussion entitled “What’s Wrong With the Claims Process?” The panel discussed some of the major sources of dissatisfaction and discontent in the D&O claims handling process.

LIVE PLUS UPDATE: Talking to the Board in a Time of Uncertainty

By Troutman Pepper Locke on February 26, 2009

Posted in D&O Liability

Thursday’s second morning session focused on the changing corporate environment in America and included advice to corporate officer’s and directors regarding how to adapt to this changing environment. …
Read More LIVE PLUS UPDATE: Talking to the Board in a Time of Uncertainty

LIVE PLUS UPDATE: So, What’s Next? Emerging D&O Liability Trends

By Troutman Pepper Locke on February 26, 2009

Posted in D&O Liability

Yesterday’s second afternoon session at the PLUS D&O Symposium focused on emerging liabilities for corporate executives. …
Read More LIVE PLUS UPDATE: So, What’s Next? Emerging D&O Liability Trends

LIVE PLUS UPDATE: Bailouts, Bankruptcy and D&O Underwriting

By Troutman Pepper Locke on February 25, 2009

Posted in D&O Liability, United States

Following a break for lunch during which keynote speaker Madeleine Albright addressed all of us, the first afternoon session addressed bailouts, bankruptcies and D&O underwriting. …
Read More LIVE PLUS UPDATE: Bailouts, Bankruptcy and D&O Underwriting

LIVE PLUS UPDATE: D&O Claims: What Really Matters?

By Troutman Pepper Locke on February 25, 2009

Posted in D&O Liability, United States

The second session of the PLUS D&O Symposium involved a broad discussion of D&O coverage disputes. …
Read More LIVE PLUS UPDATE: D&O Claims: What Really Matters?

LIVE PLUS UPDATE: “An Eventful Year in Securities Litigation”

By Troutman Pepper Locke on February 25, 2009

Posted in D&O Liability, United States

Following opening remarks, the first panel was introduced to discuss recent trends in securities litigation. The panel included experienced litigators from both plaintiffs and defense firms. …
Read More LIVE PLUS UPDATE: “An Eventful Year in Securities Litigation”

InsureReinsure.com to Live Blog from PLUS Annual D&O Symposium in New York

By Troutman Pepper Locke on February 25, 2009

Posted in D&O Liability, Industry Developments, New York Developments, United States

The Professional Liability Underwriting Society (PLUS) is hosting its popular D&O Symposium today and tomorrow in New York. Edwards Angell Palmer & Dodge attorneys will provide live updates throughout the conference here on www.InsureReinsure.com. …
Read More InsureReinsure.com to Live Blog from PLUS Annual D&O Symposium in New York

New York Court Issues Decision Insulating Bed Bath & Beyond from Backdating Stock Blame

By Troutman Pepper Locke on February 19, 2009

Posted in D&O Liability, New York Developments, United States

New York’s First Department recently issued a decision refusing to revive a stock-option backdating shareholder derivative lawsuit against Bed Bath & Beyond (“BB&B”) based upon the immediate remedial action taken by the directors of the home décor company. …
Read More New York Court Issues Decision Insulating Bed Bath & Beyond from Backdating Stock Blame

Third Circuit Addresses Inquiry Notice Standard: Requires “Storm Warnings of Possible Fraud”

By Troutman Pepper Locke on February 19, 2009

Posted in D&O Liability, United States

The Third Circuit Federal Court of Appeals recently reversed a lower court dismissal of a shareholder class action, finding that the plaintiffs’ suit was not barred by the statute of limitations in the absence of “storm warnings of possible fraud.” …
Read More Third Circuit Addresses Inquiry Notice Standard: Requires “Storm Warnings of Possible Fraud”

Credit Suisse Ordered to Pay $400 million in Auction Rate Securities Case

By Troutman Pepper Locke on February 18, 2009

Posted in D&O Liability, United States

Without making specific findings of fact, a FINRA arbitration panel ordered that broker-dealer Credit Suisse (USA) LLC must payclaimant STMicroelectronics more than $400 million in compensatory damages and $6.5 million in fees and costs to resolve a claim by the semiconductor maker that it violated Section 10(b) of the 1934 Securities Exchange Act and SEC Rule 10b-5.