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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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To Encourage the Others?: Imposing Personal Liability for Corporate Fines on Individual Officers

By Kevin LaCroix on June 5, 2012
Posted in Securities Litigation

In a ruling that has gained a great deal of attention and scrutiny, Southern District of New York Judge Jed Rakoff rejected the “neither admit nor deny” settlement in the SEC’s enforcement action against Citigroup, a ruling that is now on appeal in the Second Circuit (about which refer here). Among other things, Judge…

Corporate Penalties and the SEC

By Kevin LaCroix on March 8, 2010
Posted in Securities Litigation

The SEC first acquired the right to impose civil penalties against corporations in the Securities Enforcement Remedies and Penny Stock Reform Act of 1990. Since the Remedies Act was enacted, the SEC has struggled with the question of when it is appropriate to obtain money penalties from corporate issuers.

In January 2006, in…

Kevin M. LaCroix is an attorney and Executive Vice President, RT ProExec, a division of RT Specialty. RT ProExec is an insurance intermediary focused exclusively on management liability issues…

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Nuts And Bolts of D&O Insurance

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Kevin M. LaCroix
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