Directors and officers insurance experts found little to celebrate in a report declaring an end to securities lawsuits arising from the credit crisis, and Goldman Sach's recent troubles had them throwing more cold water on positive findings.
Congressman Elijah E. Cummings, D-Md., reiterated a demand that American International Group Chief Executive Edward Liddy resign in the wake of a disclosure yesterday that Mr. Liddy has a substantial interest in Goldman Sachs.
In a report last week, the General Accounting Office advised Treasury to withhold $30 billion from American International Group until the company agrees to renegotiate contracts with employees and final counterparties.
The federal government is undertaking a multipronged probe of the bonuses paid American International Group executives, including an initiative by the Department of Justice of the options available to recover the funds.
While plaintiffs' lawyers may be eyeing the prospect of convincing federal lawmakers to lower restrictions on securities class actions, they're likelier to get a clear shot at credit rating agencies than corporate directors and officers.
While plaintiffs' lawyers may be welcoming a new administration in Washington and eyeing the prospect of convincing federal lawmakers to lower restrictions on securities class actions, they're
WASHINGTON--Insurance companies will be required to send monthly data to a federally regulated database reporting vehicles they have classified as total losses, under a new regulation effective April
Valiant Insurance is offering Safeguard, a primary D&O liability for public companies. The management liability policy is designed to specifically address the risks facing publicly-traded companies with $1 billion or less in revenues. Safeguard
The Department of Justice says "it will not challenge" formation of a limited liability company which will offer commercial insurance policies in excess of $250 million by combining the capacity of cu