The U.S. Supreme Court is expected to rule that the U.S. Securities and Exchange Commission is limited to a five-year period to recover funds that were deemed illegally obtained, based on last week’s oral arguments, experts say.
They say such a ruling by the high court in Charles Kokesh v. Securities and Exchange Commission will provide more certainty to directors and officers liability insurers, and their policyholders in turn, in setting rates, as well as help limit investigation costs.
via Expected Supreme Court SEC ruling may help predict D&O losses | Business Insurance
