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The D & O Diary

Directors and officers liability and insurance. Kevin LaCroix on securities laws, corporate fraud, D & O litigation.
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Déjà Vu: The FDIC Asserts Its Receivership Litigation Rights

Dec 2, 2009
With 124 failed banks so far in 2009, and more likely to come in the weeks and months ahead, one recurring question has been whether the FDIC will be as aggressive in pursuing claims against directors and officers of failed lenders as it was during the...

Big Securities Law Doings in D.C.: Supreme Court, Congress Gear Up

Dec 2, 2009
Courts in the financial center of New York and the tech hotspot of California tend to be where much of the headline grabbing securities law action usually takes place. But this week, the most significant action is in  Washington, D.C., as the Supreme...

D&O Insurance: Recent Rulings Relevant to Subprime Claims

Dec 1, 2009
In a series of recent rulings in coverage litigation arising out of the 2007 collapse of Brookstreet Securities Corporation, a California-based securities broker-dealer, Central District of California Judge Cormac Carney addressed the claims of several...

Will the U.N. Summit Boost Climate Change Disclosure Initiatives?

Nov 30, 2009
With the United Nations Climate Change Conference set to begin December 7, 2009 in Copenhagen, activists and observers are dialing up the volume both with calls for reform and with updated reports of the projected risks that global warming threatens....

Bankruptcy Filings Continue to Surge

Nov 30, 2009
Bankruptcy cases filed in the U.S. federal courts continued to surge in the twelve months ended September 30, 2009, according to statistics released on November 25, 2009 by the Administrative Office of the U.S. Courts. The statistical release, which...


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