In a recently recorded PLUS podcast, Willis Tower Watson’s Rob Yellen and I examine the potential impact of the new Presidential administration on the world of corporate directors’ and officers’ liability. Rob and I are joined in the podcast by John Fielding, who is Chubb’s Senior Vice President and General Counsel, Global Government and Industry
One of the more noteworthy recent developments in corporate and securities litigation has been the resurgence of Delaware law “duty of oversight” claims, as I noted in my recent annual round-up of D&O liability issues. Delaware courts have sustained several of these kinds of “Caremark duty” claims, which until recently were distinctly disfavored – which raises the questions of why these claims are now proving viable, and whether the renewed risk of duty of oversight claims is here to stay? In a December 2020 paper entitled “A New Caremark Era: Causes and Consequences” (here), Professor Roy Shapira of IDC Herzliya Radzyner Law School identifies what he believes to be the causes of the recent revival of duty of oversights, and presents his view that the changes are here to stay. Professor Shapira’s views are summarized in a January 18, 2021 post (here) on the Harvard Law School Forum on Corporate Governance.
Continue Reading A “New Era” of Caremark Claims?
As part of a continuing series of recordings, I have been participating in sessions the Professional Liability Underwriting Society (PLUS) has organized discussing the potential D&O liability and insurance issues arising out of the coronavirus outbreak and the related economic disruption. In each session in the series I have been joined by my good friends…
Many Americans were surprised by the outcome of the recent U.S. Presidential election. As unexpected as the results may have been, the fact is that on January 20, 2017, Donald Trump will be sworn in as the 45th President of the United States. Even among his supporters, there is a great deal of uncertainty about what a Trump presidency will actually mean. Many of the larger questions – foreign and diplomatic affairs, trade plans, military security, economic policy — are more appropriately addressed elsewhere. In this blog post, I lay out some of my thoughts about what Mr. Trump’s election may mean for the business litigation environment.
Continue Reading O.K., America, He Won the Election – Now What?