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...
D&O Pricing Falls 14.7% in Q3, Breaking 17-Quarters of Pricing Increases: Aon November 10, 2022 By Jahna Jacobson Directors and officers liability pricing fell 14.7% in the third quarter, according to a recent survey. Aon’s Financial Services Group’s...
Volkswagen Sued for Not Disclosing Alleged Private Climate Lobbying Activities October 21, 2022 Volkswagen AG was sued by institutional investors in Germany concerned that despite making public commitments to fighting climate change, the...
Data Breach-Related Securities Suit Filed Against Cyber Firm Okta May 23, 2022 By Chad Hemenway Following a trend in directors and officers litigation involving cybersecurity firms, Okta Inc. now faces a securities class action lawsuit...
Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds May 19, 2022 Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud...
Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted May 17, 2022 By Tom Sims, Alexander Hübner and Jonathan Stempel Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal...
Allianz Sets Aside Another $2 Billion for Structured Alpha Fund Debacle May 11, 2022 By Tom Sims and Alexander Hübner Germany’s Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the...
Europe’s Top Court Rules Against Compensation for Banco Popular Investors May 6, 2022 By Jesús Aguado Europe’s top court said on Thursday that Banco Popular shareholders who took part in its capital increase in 2016 are...
Some Credit Suisse Investors Do Not Want to Absolve Execs for Greensill Losses: FT March 28, 2022 Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving...