The D&O Diary

The D&O Diary

A PERIODIC JOURNAL CONTAINING ITEMS OF INTEREST FROM THE WORLD OF DIRECTORS & OFFICERS LIABILITY, WITH OCCASIONAL COMMENTARY

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Thinking About the Dewey & LeBeouf Criminal Indictment and Law Firm Management Liability Insurance

Posted in Director and Officer Liability, Uncategorized
The indictment last week of the top officials from the collapsed Dewey &  LeBouef law firm is merely the latest development in the long-running sequence of events following the law firm’s demise. The indictment (and the accompanying SEC enforcement action) paints a vivid picture of the desperate efforts of the law firm’s top officials to … Continue Reading

The Hong Kong New Companies Ordinance: Director Liability and D&O Insurance Implications

Posted in Uncategorized
Next Monday, March 3, 2014, the Hong Kong New Companies Ordinance will go into effect. The Hong Kong Legislative Council enacted this overhaul of the existing companies laws provisions in July 2012, and on October 25, 2013, the Secretary for Financial Services and the Treasury published the requisite notice to implement the upcoming March 3 … Continue Reading

NERA: Canadian Securities Class Action Filings Steady in 2013

Posted in International D & O, Securities Litigation, Uncategorized
There were ten securities class action lawsuits filed in Canada in 2013, the same number as were filed in 2012 and only slightly below the annual average number of 11. 6 filings during the period 2006-2012, according to a February 19, 2014 report from NERA Economic Consulting entitled “Trends in Canadian Securities Class Actions: 2013 … Continue Reading

Cornerstone Research: FDIC Lawsuits Continue to Mount, Individuals Contributing Out-of-Pocket to FDIC Claims Settlements

Posted in Uncategorized
In 2013, the number of lawsuits the FDIC has filed against the directors and officers of failed banks reached the highest annual level during the current wave of failed bank litigation, though the pace of litigation filings peaked in the second quarter and slowed as the year progressed, according to the latest report from Cornerstone … Continue Reading