FTX Investors Settle With Bankman-Fried to Pursue Promoters April 22, 2024 By Ava Benny-Morrison and Jef Feeley A group of FTX investors and customers has agreed to drop their claims against co-founder Sam Bankman-Fried in exchange for...
D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch September 28, 2020 As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance...
Tesla Pays CEO Musk Nearly $1M for Controversial D&O Insurance Arrangement July 1, 2020 By Dana Hull Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a...
Companies Press Insurance Brokers for Workarounds to Rising D&O Costs June 15, 2020 By Jef Feeley and Katherine Chiglinsky When Elon Musk said in April he was dropping the insurance policy that protects Tesla Inc.’s board from shareholder lawsuits,...
Corporations Grow Nervous as Compensation for Directors Rises November 12, 2019 By Tim McLaughlin It’s nice work if you can get it. The average annual compensation for non-executive directors at S&P 500 companies rose...
Serving on One Outside Board Is Enough, BlackRock Warns Directors August 27, 2019 By Jessica DiNapoli and Saqib Iqbal Ahmed BlackRock Inc. is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own,...
Facebook Must Turn Over Records on How Execs Handle Data Privacy, Judge Rules May 31, 2019 By Jonathan Stempel A U.S. judge ordered Facebook Inc. to give shareholders emails and other records concerning how the social media company handles...
Alphabet Directors Sued Over Exit Pay, Coverups Tied to Harassment Allegations January 11, 2019 By Kartikay Mehrotra, Joel Rosenblatt and Mark Bergen Alphabet Inc.’s directors were sued by shareholders for approving a $90 million exit payment to Andy Rubin, the creator of...
7 Areas of Directors & Officers Liability to Watch in 2019 January 8, 2019 By Priya Cherian Huskins Risk management involves looking around the corner to spot future threats. When it comes to director and officer liability, the...
Cybersecurity Tops D&O Liability Risks July 20, 2018 Cybersecurity is the top directors and officers (D&O) liability concern for organizations today, while claims brought by employees, including claims...