Former VW Executives Ordered to Testify in Investor Lawsuit July 11, 2023 By Karin Matussek A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over...
Ex-Audi Boss Becomes 1st VW Board Member Sentenced for Fraud in Diesel Scandal June 27, 2023 By Jörn Poltz Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court...
Former Chair Ghosn Sues Nissan for $1B in Lebanon June 20, 2023 Former Nissan chairman Carlos Ghosn has sued the company for more than $1 billion in a lawsuit filed to Lebanon’s...
Appeals Court Won’t Revisit Towers Watson $80M D&O Denial for Willis Merger Lawsuits June 7, 2023 By Andrew G. Simpson A federal appeals court has denied insurance broker Towers Watson a rehearing of a May ruling that found it may...
CFO of UK’s Prudential Resigns Amid Probe Into Conduct May 31, 2023 By Bei Hu Prudential Plc Chief Financial Officer James Turner resigned on Wednesday amid a probe into a code of conduct matter related...
D&O Prices Plummeting: Record-Level Q1 Drop for Decade May 3, 2023 The year-over-year decline in D&O insurance prices for the first quarter of 2023 is greater than any prior drop over...
What to Expect: WTW Spring Commercial Insurance Forecasts Mixed May 3, 2023 In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for...
Viewpoint: D&O Market Conundrum — Softening Rates With Rising Claims Severity April 19, 2023 By Dan Beatty and Erin Zimmerman Executive Summary: An uncertain economic landscape leading to a rise in claims, decreasing rates, and proposed US Securities and Exchange...
Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds March 27, 2023 Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional...
Amgen Sued by Pension Fund for Failing to Disclose $10B Tax Bill on Timely Basis March 14, 2023 By Robert Burnson Amgen Inc. misled investors about its financial health by failing to reveal that it may be on the hook for...