Lawsuit Dismissed Over McDonald’s Board’s Severance Pay to Fired CEO March 2, 2023 By Tom Hals McDonald’s Corp’s board cannot be sued for allowing former CEO Steve Easterbrook to keep tens of millions of dollars when...
Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms February 16, 2023 Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and...
Reuters: After Multi-Billion U.S. Fund Collapse, Allianz Shifts Investment Strategy February 14, 2023 By Tom Sims and John O'Donnell For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system,...
Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges February 1, 2023 By Bob Van Voris The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge...
D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme January 5, 2023 A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its...
U.S. Sues AmerisourceBergen, Says Distributor Helped Ignite Opioid Epidemic January 3, 2023 By Jonathan Stempel, Nate Raymond and Gram Slattery The U.S. government filed a lawsuit accusing AmerisourceBergen Corp., one of the nation’s largest drug distributors, of helping ignite the...
Wells Fargo to Pay $3.7B for Illegal Conduct That Harmed Customers December 21, 2022 By Chris Prentice and Hannah Lang The U.S. Consumer Financial Protection Bureau hit Wells Fargo & Co. with the watchdog’s largest ever civil penalty on Tuesday...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts December 19, 2022 By Noor Zainab Hussain and Carolyn Cohn Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and...
D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz December 15, 2022 By L.S. Howard Public and private D&O buyers are seeing more competitive conditions, fueled by a reduced number of U.S. securities class actions,...
Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins December 6, 2022 By Jörn Poltz and Christian Kraemer Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s...