Freshpet Board Accused in Suit by Activist Jana of Breaching Duty June 5, 2023 By Crystal Tse Freshpet Inc.’s board members were sued by activist shareholder Jana Partners over claims they breached their fiduciary duty by changing...
Bankruptcy Judge Rules Directors of Failed SVB Can Tap D&O Insurance May 25, 2023 By Jim Sams A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into...
Washington Startup’s Ex-CFO Accused of Diverting $35M, Losing It in Crypto May 24, 2023 By Gene Johnson The former chief financial officer of a Seattle, Washington-based startup took $35 million of his employer’s money without permission and...
AM Best: Current D&O Market Rates Could Prove Inadequate May 17, 2023 By Chad Hemenway Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the...
Greenpeace Sues Italian Energy Company ENI May 11, 2023 Greenpeace and an environmental coalition including 12 Italian citizens are suing Italian energy company ENI, accusing it of knowingly contributing...
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...
Coinbase Executives Sued for Dumping Stock, Saving $1 Billion May 2, 2023 By Robert Burnson Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1...
Economic and Cyber Risks Lead Global D&O Concerns: Survey May 2, 2023 By Denise Johnson At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according...
Adidas Sued by Investors Over Broken Ye Partnership May 1, 2023 Adidas AG was sued by investors who claim the German sports giant knew about risks of its partnership with the...