Each fall for the last two years, I have taken a look at the current trends and hot topics in the world of D&O. There are of course certain perennial topics that are always critical, but this overview is intended
D&O Insurance: Defense Expense and Limits Adequacy
For many companies, one of the hardest parts of the D&O insurance transaction is determining how much insurance to buy. Against a backdrop of basic affordability, the company must consider complex issues of limits adequacy – that is, how much
Will Stockman Be Talkin’ At Trial?
Former Congressman and Reagan Administration budget wunderkind David Stockman faces a variety of charges related to accounting fraud at Collins & Aikman, a defunct auto parts supplier where Stockman was CEO before it collapsed into bankruptcy. Although a trial date
Stockman Indicted
The Indictment against David Stockman, the former Director of Management & Budget under President Ronald Reagan, was anticipated (see here) and it has now become a reality. It relates to his alleged activities when employed at Collins & Aikman,
Blame It on Sarbanes-Oxley
David Stockman went on the offensive regarding his possible (even likely) indictment on charges related to his tenure as CEO of auto parts supplier Collins & Aikman. A story in the Wall Street Journal (here) quotes Stockman as
Stockman Looks Like the Next Former CEO Charged
Former Congressman and Reagan Administration budget wunderkind David Stockman could be facing federal charges shortly related to his time as CEO of Collins & Aikman, a now-bankrupt auto industry supplier. Stockman made a splash in the early part of the
Chapter 11 Debtor Collins & Aikman Likely Closing Plant In Americus
By: Scott B. Riddle, Esq.
The Macon Telegraph has an article today (click here) on the potential closing of the Collins & Aikman plant in Americus, Georgia, amid investigations into financial fraud. Over 300 jobs may be lost.
Collins & Aikman Discloses SEC and DOJ Investigations
Collins & Aikman Corp., the large auto-supplier that filed for bankruptcy protection earlier this year, disclosed that it has received a grand jury subpoena and has been providing documents to the SEC. The company’s press release (here) states:Collins