FDIC Is Probing Management’s Conduct in SVB, Signature Bank Failures March 28, 2023 By Stephanie Stoughton A top US banking regulator has launched investigations into managers’ conduct in the Silicon Valley Bank and Signature Bank failures....
D&O 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked March 27, 2023 By Susanne Sclafane Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in...
Zuckerberg, Meta Are Sued for Failing to Address Sex Trafficking, Child Exploitation March 22, 2023 By Jonathan Stempel A new lawsuit accuses Mark Zuckerberg and other Meta Platforms Inc. executives and directors of failing to do enough to...
Rite Aid Faces Securities Suit Over Allegedly Filling Unlawful Opioid Prescriptions March 21, 2023 By Chad Hemenway A Rite Aid Corp. shareholder on March 20 filed a securities class action lawsuit against the company as well as...
Too Soon for ‘All Clear’ in D&O Insurance Market as Banks Fall March 21, 2023 By Susanne Sclafane D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley...
Norfolk Southern Shareholders Sue Over Ohio Derailment March 20, 2023 By Jonathan Stempel Norfolk Southern Corp. shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month’s...
Silicon Valley Bank Parent SVB Financial Group Faces First Securities Class Action March 14, 2023 By Chad Hemenway Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against...
JPMorgan Must Hand Over CEO Dimon’s Records in Jeffrey Epstein Lawsuit March 10, 2023 By Jonathan Stempel A U.S. judge on Thursday ordered JPMorgan Chase & Co. to hand over more documents concerning Chief Executive Jamie Dimon...
JetBlue’s $3.8 Billion Spirit Deal Challenged in DOJ Antitrust Suit March 7, 2023 By Leah Nylen and Mary Schlangenstein The US Justice Department challenged JetBlue Airways Corp.’s $3.8 billion acquisition of Spirit Airlines Inc. Tuesday, filing an antitrust lawsuit...
Justice Dept Wants Execs to Foot Bill for Corporate Misconduct March 6, 2023 By Chris Prentice and Karen Freifeld The U.S. Justice Department is rolling out a new policy aimed at pushing the cost of corporate crime into the...