Two More Wirecard Executives Charged in Germany Over Accounting Scandal August 6, 2024 German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office on Tuesday, casting...
Delaware Law to Allow Big Investors Greater Sway Over US Corporate Boards July 2, 2024 By Tom Hals Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of...
Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O June 25, 2024 Relm Insurance, the Bermuda-based specialty insurance carrier, announced the release of its Side A Difference in Conditions (DIC) solution. Relm’s...
Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case April 24, 2024 By Upmanyu Trivedi Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations...
Suncor’s Syncrude Canada to Pay C$390,000 After Worker Fatality April 9, 2024 By Nia Williams Oil sands producer Syncrude Canada, majority-owned by Suncor Energy, will pay C$390,000 ($287,187.04) after pleading guilty to a health and...
Markets/Coverages: Marsh’s D&O Facility Provides Up to $75M of Capacity February 14, 2024 Insurance broker Marsh announced that its D&O Echo facility is now offering clients with enhanced directors and officers insurance protection,...
Former VW Chief Tells Court He Didn’t Deceive Investors Over Dieselgate February 14, 2024 Former Volkswagen chief executive Martin Winterkorn told a German court on Wednesday he did not deceive investors over the carmaker’s...
SEC to Impose Tougher Rules on Blank-Check Deals as SPACs Fizzle January 24, 2024 By Lydia Beyoud Wall Street’s main regulator on Wednesday is set to demand more investor protections for deals involving special purpose acquisition companies,...
Truck Engine Maker Cummins to Pay Record $1.675 Billion US Environmental Fine December 28, 2023 By David Shepardson Truck engine maker Cummins Inc. has agreed in principle to pay a $1.675 billion fine for installing devices on hundreds...
SPAC Mania’s Ugly End Yields $46 Billion of Investor Losses in 2023 December 27, 2023 By Jonathan Randles and Amelia Pollard Wall Street’s affair with blank-check firms, the finance fad that pushed companies onto the stock market during the COVID-19 pandemic,...