Among the terms and conditions typically found in a D&O insurance policy is the so-called “Insured vs. Insured” exclusion, which precludes coverage for claims brought by one insured against another insured.
Second Circuit Affirms Exclusion of Certain Foreign Purchasers and Purchases from Securities Class Action
The U.S. Court of Appeals for the Second Circuit issued a lengthy opinion today in the long-running In re Vivendi, S.A. Securities Litigation, affirming the jury’s verdict on liability and addressing issues about loss causation and expert-witness testimony.
The SEC’s recently-adopted changes to Form ADV and Rule 204-2 of the Investment Adviser Act of 1940, as amended (the so-called “books and records rule”), raise important considerations for many private fund advisers – particularly those that also advise separately managed accounts or that manage multiple funds through affiliated entities.
Class Action Against Wells Fargo Alleges That 5000 Employees Who Did Not Meet Cross-Selling Quotas Were Wrongfully Terminated
On September 22, 2016, two former employees filed a class action complaint against Wells Fargo in the Superior Court of California, Los Angeles, contending that Wells Fargo implemented a fraudulent scheme to increase its stock price by aggressively pushing employees to open new accounts to increase their “cross-sell numbers” while the bank did not have appropriate mechanisms in place to determine whether the new accounts were legitimate or not.
The Internet is an amazing tool where you can find information on almost anything. Last week, I, Matt Landis, learned how to fix a running toilet by googling it.
They are everywhere: in your pocket, in your car, in your hands, in your lap and even “in your face.”
Politicians often referred to a 90% consumer preference for food labels signaling the existence of genetically modified ingredients—or GMOs as they are known—during this year’s congressional hearings regarding the now enacted “National Bioengineered Food Disclosure Standard.”
Before plaintiffs could light the pilot on antitrust claims against two propane tank distributors, a split Eighth Circuit panel cut the gas.
Another reorganization option for nonprofit organizations is “consolidation”.