Tag: D&O Liability

Breach of the Duty of Oversight Liability Extends to Officers as Well as Directors | The D&O Diary

In a shareholder claim against the former global head of HR at McDonald’s, the Delaware Chancery Court has held that liability for breach of the duty of oversight, which Delaware courts had previously extended only to corporate directors, can also extend to corporate officers, as well. In addition, in a separate part of the opinion that may not gain as…

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Do Privacy Issues Represent the Next Big D&O Liability Exposure? | The D&O Diary

For some time, observers (including me) have been discussing the extent to which the rising numbers of corporate data breaches would translate into to D&O litigation. There of course have been some data breach-related D&O lawsuits;  indeed, plaintiffs’ lawyers have recently for the first time managed to secure some success with these kinds of suits – as discussed here, Yahoo…

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Expected Supreme Court SEC ruling may help predict D&O losses | Business Insurance

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…

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