Daily Archives: January 2, 2024, 9:27 am

SEC Presses Companies on Climate Risk With New Rules on Horizon

Securities and Exchange Commission staff who regularly review corporate filings have sent climate-related queries to more than a dozen large companies over the past three months, according to a Bloomberg Tax review of securities filings. The regulator has pressed businesses such as Estée Lauder Companies Inc., Oracle Corp., Eli Lilly & Co., and others to divulge why their annual financial…

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How the US justice department became top cop in the crypto ‘Wild West’

In less than 12 months, prosecutors had won the conviction of FTX’s Sam Bankman-Fried — who faces potentially decades behind bars — and dethroned Changpeng Zhao, or CZ, the former head of Binance. “You always get people’s attention when other executives in the industry are rolling up their sleeves to be fingerprinted,” said Widge Devaney, a former federal prosecutor now…

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Federal Court Securities Class Action Lawsuit Filings Increased in 2023 | The D&O Diary

D&O insurers closely track the number of annual securities class action lawsuit filings. The number of annual filings can provide some indication of the insurers’ ultimate loss costs for the year. The current year’s filing patterns can also inform the insurers’ efforts to try to determine the profit-making price for their insurance product. In 2023, the number of federal court…

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