According to the latest report from Cornerstone Research, the number of securities class action lawsuit filings declined slightly in 2022 relative to 2021, although the number of “core” securities suit filings increased slightly compared to 2021. The report, which is
On February 8, 2023, the Securities Litigation Committee of the New York City Bar will be hosting a daylong webinar entitled Securities Litigation Enforcement Institute 2023. The webinar will be co-chaired by Greg Markel of the Seyfarth Shaw law firm
Sarah Abrams
In the following guest post, Sarah Abrams, Head of Professional Liability Claims at Bowhead Specialty, takes a look at the challenges that financial trading based on Artificial Intelligence (AI) could mean for D&O, Professional, and Cyber insurers. I
For the second time in recent days, a court has held that a D&O insurance policy provision operates to preclude coverage for claims against an insured company and its executives that the consideration to be paid for the acquisition of
In a shareholder claim against the former global head of HR at McDonald’s, the Delaware Chancery Court has held that liability for breach of the duty of oversight, which Delaware courts had previously extended only to corporate directors, can also
According to the latest annual report from ISS Securities Class Action Services, there were two securities class action settlements in 2022 that were large enough to make the firm’s list of the Top 100 U.S. Securities Class Action settlements. These
Largely due to the decline in the numbers of merger objection class action lawsuit filings and a decline in the number of Rule 10b-5 filings, the number of new federal court securities class action lawsuit filings declined in 2022 for
Among the various provisions of the D&O insurance policy, one of the most litigated provisions is the Insured vs. Insured exclusion, which, in simple terms, precludes coverage for claims brought by one insured against another insured. However, the exclusion typically
It is a standard D&O insurance policy feature that if two claims are “related” within the meaning of the policy then they are “deemed” a single claim first made at the time of the earlier claim. However, in a recent
Nessim Mezrahi
Stephen Sigrist
In the following guest post, Nessim Mezrahi and Stephen Sigrist take a look at a variety of economic and marketplace factors that they suggest may lead to securities litigation lawsuit filings in 2023, particularly with respect