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Results: 1-10 of 16

Financial services update January 8 2014 judicial developments

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • January 8 2014

On December 26th, the Seventh Circuit granted the wish of a commodity pool operator who was convicted of money laundering and mail fraud charges

Court denies bank, insurer's, and reinsurer's motion to dismiss RESPA complaint

  • Jorden Burt LLP
  • -
  • USA
  • -
  • March 20 2013

Two borrowers filed a putative class action complaint in Pennsylvania federal court alleging that mortgage lender, First Horizon Home Loan

Court finds ambiguity applying insured v. insured exclusion to FDIC lawsuit

  • Wiley Rein LLP
  • -
  • USA
  • -
  • January 15 2013

The United States District Court for the Northern District of Georgia has denied in part a motion summary judgment by the directors and officers

Insured versus Insured exclusion held inapplicable to FDIC’s failed bank suit

  • Wiley Rein LLP
  • -
  • Puerto Rico, USA
  • -
  • November 1 2012

A Puerto Rico federal district court has declined to apply a D&O policy’s Insured versus Insured exclusion to a suit brought by the Federal Deposit Insurance Corporation (FDIC) against former directors and officers of a failed bank

Supreme Court surprises again: RESPA standing case dismissed by Supreme Court as improvidently granted

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • July 2 2012

The June 28, 2012 ruling on the Affordable Care Act was not the only surprise that came out of the Supreme Court last week

District court refuses to apply business judgment rule to claims against officers

  • Allen Matkins Leck Gamble Mallory & Natsis LLP
  • -
  • USA
  • -
  • June 21 2012

Since 2008, a total of 38 banks have failed in California

Can D&O insurance cover banks anymore?

  • Sedgwick LLP
  • -
  • USA
  • -
  • June 12 2012

Last week, Democratic Rep. Barney Frank of Massachusetts introduced H.R. 5860

Washington appellate court finds no d&o coverage where executive officer acted in personal, not official capacity

  • Simpson Thacher & Bartlett LLP
  • -
  • USA
  • -
  • June 11 2012

A Washington appellate court held that a directors and officers policy that provides coverage to executives for acts performed in their official capacity does not insure against losses stemming from an officer’s guaranty of a bank loan made to his company

Barney Frank introduces bill to prohibit insurance policies against compensation clawbacks at financial institutions

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • June 1 2012

Ever since I blogged on the availability of insurance to protect executives from compensation clawbacks, reporters, seminar attendees and others ask me for more information on these policies

In case you missed it - February 2012

  • Stoel Rives LLP
  • -
  • USA
  • -
  • February 15 2012

A smattering of bylaw amendments purporting to make Delaware the exclusive venue for shareholder derivative suits and claims of fiduciary duty breaches followed Vice Chancellor Laster’s suggestion in a 2010 case that such provisions would be enforceable