Zurich launches new D&O product
Product protects non-US board members and officers of US-based multinational companies
Source: insurancebusinessmag.com
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Delaware Chancery Court Says Duty of Oversight Falls On Corporate Officers
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.
Source: natlawreview.com
Closing Up The SPAC Shop: Insurance Consequences And Opportunities For Liquidating SPACs - Directors and Officers
A SPAC is a "blank check company," publicly traded, and organized for the purpose of merging with a private company.
Source: mondaq.com
Closing Up the SPAC Shop: Insurance Consequences and Opportunities for Liquidating SPACs | Pillsbury - Policyholder Pulse blog
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...
Source: jdsupra.com
Directors & Officers Insurance Pays out Boeing Derivative Settlement
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.
Source: natlawreview.com