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Join the Securities Litigation and Enforcement Group on LinkedInDelaware Supreme Court: What is a “Securities Claim”? | The D&O Diary
Most public company D&O insurance policies provide coverage for the corporate entity only for “Securities Claims.” But what constitutes a “Securities Claim”? That is the question the Delaware Supreme Court addressed in a recent appeal of an insurance coverage dispute in which a bankruptcy trustee had sued Verizon for breach of fiduciary duty, unlawful payment […]
Delaware judge tosses shareholder suit against Walmart directors – The FCPA Blog
A Delaware judge Friday dismissed a shareholder lawsuit against the directors of Wal-Mart Stores Inc. that alleged the directors failed to conduct a proper investigation into allegations of bribery in Mexico. Chancery Court Judge Andre Bouchard said the shareholders had already lost a federal lawsuit in Arkansas on the same claims. via Delaware judge tosses […]
Record $285 million fee award is Strine’s message to plaintiffs’ bar
Strine’s fee award “a message to the entire securities class action bar.”