The D & O Diary
“A periodic journal containing items of interest from the world of directors’ and officers’ liability, with occasional commentary.”
Author: Kevin M. LaCroix is an attorney and a partner in OakBridge Insurance Services in Beachwood, Ohio. OakBridge is an insurance intermediary focused exclusively on management liability issues.
Blawg Related Categories: Insurance Law
Recent Posts from The D & O Diary
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Guest Post: Foreign-Cubed Litigation - Developments at the Supreme Court
The D&O Diary is pleased to present the following guest blog post, written by Angelo Savino (pictured), a partner at the Cozen & O’Connor law firm. Angelo is resident in the firm’s New York office. Angelo’s…
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ETFs: The Hot New Securities Lawsuit Targets?
Where securities class action lawsuits are concentrated tends to vary over time. At various times over the past several years, companies in the high tech sector, telecommunications category and, more recently, in the financial services…
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Another Subprime Suit Survives Renewed Dismissal Motion
As a result of a November 2, 2009 ruling (here) by Northern District of California Judge Susan Illston, the PMI Group securities class action lawsuit is the latest subprime-related securities suit to survive a renewed…
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New Environment for Climate Change Litigation?
While I have long predicted (refer here) the possibility of litigation against directors and officers of public companies concerning global climate change-related disclosures, to date the lawsuits have not materialized. Which is not to say…
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Latest U.S. Export: Securities Class Action Legal Services?
In an October 29, 2009 order (here, Hat Tip: Am Law Litigation Daily), Ontario Court of Justice judge Paul Perell ruled that the direct involvement of the U.S.-based law firm Milberg LLP was permissible in…
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Bank Closure Pace Quickens
In what is the largest number of banks closed on a single day in years, this past Friday night the FDIC seized nine related lending institutions. The nine banks, based in California, Illinois, Texas and…
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D&O Insurance: Increased Limits Warranty Exclusion Precludes Coverage
D&O insurance policyholders typically do not have to provide "fresh warranties" when they renew their policy of the kind they provided when they originally purchased the coverage – that is, they do not have to…
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Ninth Circuit Reverses Matrixx Securities Suit Dismissal, Concludes Twombley and Tellabs Satisfied.
In an October 28, 2009 opinion (here) in a case in which the Ninth Circuit found the plaintiffs’ allegations met the heightened pleading standards of Twombley and Tellabs, the appellate court reversed the district court’s…
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Renewed Dismissal Motion in WaMu Subprime Suit Substantially Denied
In a detailed October 27, 2009 opinion (here), Western District of Washington Judge Marsha J. Pechman substantially denied the defendants’ motions to dismiss the plaintiffs’ amended complaint in the Washington Mutual subprime securities class action…
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Lawsuit Against BofA Seeks a Yotta Money
Lawsuits seeking to recover large amounts of money are commonplace. But how about a claim that seeks to recover more money than exists in the entire world? According to a September 24, 2009 order…