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D&O Insurers Fund Massive, Complicated Bankruptcy Settlement
The bankruptcy context is particularly ripe for D&O claims, and it also represents a particularly difficult claims context for D&O insurers. Anyone with any doubts about just how complicated...
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More About the D&O Insurance Implications of the SEC’s New Admissions...
Numerous questions surround the SEC’s new policy requiring enforcement action defendants in “egregious” cases to admit to wrongdoing in order to settle with the agency, rather than simply agreeing to...
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Guest Post: Improving Securities Class Action Outcomes Through Early Damages...
Doug Greene John McCarrick In the following guest post, Doug Greene and John McCarrick take a look at the way that securities class action lawsuits settle and make a suggestion of a way for D&O...
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Guest Post: 5th Circ.: D&O Insurer Must Cover Firm for Social Engineering...
Geoffrey B. Fehling Michael S. Levine In the following guest post, Geoffrey B. Fehling and Michael S. Levine review and analyze a September 2, 2021 Fifth Circuit decision in which the appellate court...
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Twitter Settles Securities Suit for $809.5 Million
The parties to the long-running Twitter securities class action lawsuit have agreed to settle the suit for a payment of $809.5 million, one of the largest securities class action settlements of all...
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Nielsen Holdings Settles GDPR-Related Securities Suit
Regular readers of this blog know that one of the important emerging D&O liability exposures involves issues arising from privacy concerns. There have, in fact, been a number of important...
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FirstEnergy Bribery-Related Derivative Suit Settlement Receives Final...
In the latest development in the long-running FirstEnergy bribery-related derivative lawsuit settlement saga, a federal judge has granted final approval to the proposed settlement in the consolidated...
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Wildfire Victims Reach $117 Million Settlement with PG&E Executives for...
In an interesting and unusual development, the victims’ trust that was created as part of the Pacific Gas & Electric (PG&E) bankruptcy has reached an agreement to settle the trust’s assigned...
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Cornerstone Research: Securities Suit Settlements at High Levels in 2022
The total number of securities class action lawsuit settlements reached the highest level in 15 years in 2022, and median, average, and aggregate settlement amounts also rose significantly in 2022...
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Kraft Heinz Securities Litigation Settles for $450 Million
The parties in the Kraft Heinz Securities Group securities class action litigation have agreed to settle the case for $450 million, a massive settlement that makes the list of all-time largest...
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