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Join the Securities Litigation and Enforcement Group on LinkedInNo D&O Insurance Coverage for Costs of Responding to Informal SEC Investigation | The D&O Diary
Among the most frequently recurring D&O insurance coverage issues is the question of the carrier’s obligation to pay for costs incurred in connection with an informal SEC investigation. Indeed over the years, numerous policy revisions have been adopted in various forms by various carriers to address certain aspects of this issue. Yet the issues continue to arise, […]
Posner opinion blasts class actions that are ‘no better than a racket’
“In this case the benefit for the class was not meager; it was nonexistent,” Posner wrote. “The type of class action illustrated by this case—the class action that yields fees for class counsel and nothing for the class—is no better than a racket. It must end. No class action settlement that yields zero benefits for […]