W.R. Berkley CEO Says Insurer Isn’t Going to Chase D&O Market ‘Down the Drain’ April 24, 2023 By Chad Hemenway W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers...
Paramount Directors Agree to $168 Million Settlement Over Merger April 24, 2023 By Jef Feeley Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp....
No Separate Trial for Former JPMorgan Executive in Epstein Case April 11, 2023 By Jonathan Stempel A U.S. judge rejected requests to sever JPMorgan Chase & Co’s lawsuit accusing former executive Jes Staley of concealing what...
KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure April 11, 2023 By Joel Rosenblatt and Robert Burnson KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America...
J&J Unit Files for Second Bankruptcy to Pursue $8.9B Talc Settlement April 5, 2023 By Mike Spector and Dietrich Knauth Johnson & Johnson has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in...
JPMorgan May Face Expanded Lawsuit Over Jeffrey Epstein Ties April 4, 2023 By Jonathan Stempel The U.S. Virgin Islands wants to expand its lawsuit accusing JPMorgan Chase & Co of aiding in Jeffrey Epstein’s sex...
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...