Freshpet Inc.’s board members were sued by activist shareholder Jana Partners over claims they breached their fiduciary duty by changing the number of directors up for election and accelerating its annual shareholder meeting. Jana Partners, which has declared a proxy …
A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into the $210 million in insurance coverage available through directors and officers liability policies to defend themselves against litigation that followed …
The former chief financial officer of a Seattle, Washington-based startup took $35 million of his employer’s money without permission and lost it by investing in cryptocurrency before the crypto market crashed last year, according to a federal indictment returned by …
Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to seen how long the reprieve can …
Greenpeace and an environmental coalition including 12 Italian citizens are suing Italian energy company ENI, accusing it of knowingly contributing to climate change. The complaint names ENI as well as its two biggest shareholders, the Italian Economy Ministry and the …
The year-over-year decline in D&O insurance prices for the first quarter of 2023 is greater than any prior drop over a comparable period in more than a decade, historical information presented in a new Aon report reveals. Aon’s Quarterly D&O …
In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for cyber coverage, some buyers renewing those coverages this spring won’t see their insurance bills increase at all. And many will …
Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1 billion in losses by using inside information to sell stock within days of the cryptocurrency platform’s public listing two years …
At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according to the latest Directors and Officers Liability 2023 Survey released by Willis Towers Watson (WTW) and Clyde & Co, a …
Adidas AG was sued by investors who claim the German sports giant knew about risks of its partnership with the rapper known as Ye long before his anti-Semitic comments were made public. Adidas in October cut ties with Ye, formerly …
