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...
D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme January 5, 2023 A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its...
FTX’s Bankman-Fried, Celebrity Promoters Sued by Crypto Investors November 16, 2022 By Jody Godoy U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including comedian Larry David, alleging...
Elon Musk Trial Opens to Decide Fate of His $56B Tesla Pay November 14, 2022 By Tom Hals A trial opened Monday over shareholder allegations that Tesla Inc Chief Executive Elon Musk’s $56 billion pay package was rigged...
D&O Pricing Falls 14.7% in Q3, Breaking 17-Quarters of Pricing Increases: Aon November 10, 2022 By Jahna Jacobson Directors and officers liability pricing fell 14.7% in the third quarter, according to a recent survey. Aon’s Financial Services Group’s...
New SEC Disclosure Rules May Drive Up D&O Claims November 10, 2022 By Jim Sams SAN DIEGO — New rules proposed by the US Securities and Exchange Commission on cybersecurity and climate impact disclosures may...
Insuring Cannabis Summit: Experts Answer Social Media’s Toughest Questions November 9, 2022 By Don Jergler “What are the hardest lines of insurance to write for cannabis businesses?” That question took Stephanie Bozzuto, co-founder of Cannabis...
It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says September 2, 2022 Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new...
Starbucks Executives, Directors Are Sued Over Diversity Policies September 1, 2022 By Jonathan Stempel Starbucks Corp. executives and directors have been sued by a conservative think tank that believes the coffee chain’s efforts to...