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Product protects non-US board members and officers of US-based multinational companies

Delaware Chancery Court held duty of oversight extended to corporate officers. Decision came after McDonald’s shareholders sued former head of human resources for breaching duty of oversight by allowing corporate culture to develop condoning sexual harassment and misconduct.

A SPAC is a "blank check company," publicly traded, and organized for the purpose of merging with a private company.

In 2020 and 2021, Special Purpose Acquisition Companies (SPACs) were all the rage. A SPAC is a “blank check company,” publicly traded, and organized for the purpose of merging with a...

Current and former Boeing Company directors agreed to a $237.5 million settlement to resolve claims that they ignored safety issues concerning Boeing’s 737 MAX aircraft. One of largest derivative settlements of all time, the entire settlement is to be funded by the company’s D&O insurers.

Friday, December 18, 2020 At the start of 2020, the market for directors and officers (D&O) insurance in the public company sector was already hardening. A significant rise in IPOs over the past few years resulted in a sharp increase in securities litigation and steadily rising settlement values. The onset of the COVID-19 pandemic only increased public companies’ woes. The pandemic-fueled economic collapse has deeply eroded their market capitalization, and the resulting economic slo...