Driving the increases in rates of directors-and-officers insurance is the rise in shareholder litigation, both in the number of cases and size of jury awards and settlements
Many companies in the U.S. and Australia are paying steeply higher rates for insurance that covers costs for directors and top executives when they or the company are sued.
Driving the increases is the rise in shareholder litigation, both in the number of cases and size of jury awards and settlements, brokers said. Another connected factor is the growth of litigation-finance firms, which invest in corporate legal disputes.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Banks Win Right to Liquidate Millions in Luckin Coffee Stock Owned by ChairmanBanks including Credit Suisse have won court orders to liquidate tens of millions of dollars in Luckin Coffee stock owned by Chairman Charles Lu, a development that could weaken his control over the company as a crucial shareholder vote looms.
Read more »
WSJ News Exclusive | Trump Moves Have Damaged Trans-Atlantic Ties, Says EU Foreign Policy ChiefPresident Trump’s attacks on the European Union have materially damaged the trans-Atlantic relationship and strengthened European determination to pursue an independent path on emerging challenges, Europe’s foreign policy chief has said.
Read more »
WSJ News Exclusive | Elon Musk Sells Bel-Air Mansion to Tech Billionaire for $29 MillionElon Musk is making good on his promise to sell his possessions, as the Tesla chief unloaded his Bel-Air mansion for $29 million
Read more »
Musk sells Bel-Air house to Chinese billionaire for $29 million: WSJ - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Workers Close 29 Ports on West Coast in Push for Racial and Social Justice - WSJ.comThousands of workers from the International Longshore & Warehouse Union stopped working Friday, shutting down 29 ports along the West Coast in a demonstration to push for racial and social justice
Read more »