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New York’s highest court delivers important disgorgement decision

Edwards Wildman Palmer LLP
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USA
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June 12 2013

On June 11, 2013, the New York State Court of Appeals reinstated a policyholder's claim for coverage for a $160 million "disgorgement" payment to the

New York court dismisses Madoff claim against investment advisors & fund managers

Edwards Wildman Palmer LLP
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USA
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October 16 2012

A New York State trial court recently dismissed claims by the holders of variable life insurance policies, some of whose excess cash value was invested with Bernard Madoff’s securities firm, against various investment advisors and hedge fund managers

Massachusetts Federal Court shows little patience for poorly-pled Exchange Act claims

Edwards Wildman Palmer LLP
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USA
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October 15 2012

D&O issuers and policyholders concerned about their exposure to Exchange Act claims for overly optimistic wind-energy deals may be breathing easier in the wake of a Massachusetts federal district court's holding that a pension fund could not state a viable cause of action against American Superconductor

Second Circuit holds that post-disclosure recovery of stock price does not negate loss causation

Edwards Wildman Palmer LLP
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USA
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August 6 2012

The Second Circuit recently held that, even if a stock recovers its value after dropping following a corrective disclosure, this does not necessarily negate a showing of loss causation at the pleading stage in a claim for securities fraud

PLUS D&O Symposium 2012 Day 2 third panel: foreign exposures

Edwards Wildman Palmer LLP
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USA
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February 16 2012

The third panel on Day 2 of the PLUS D&O Symposium discussed foreign exposures for U.S. companies

D&O symposium Wednesday panel I -- latest trends in securities litigation

Edwards Wildman Palmer LLP
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USA
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February 2 2011

As in prior years, Edwards Angell Palmer & Dodge LLP is live blogging from the PLUS D&O Symposium

Changes in securities & insurance regulation affecting enforcement strategies ALI-ABA conference on insurance & financial services litigation

Edwards Wildman Palmer LLP
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USA
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July 19 2010

Speakers at the ALI-ABA's annual conference on insurance and financial services regulation in Chicago offered extensive commentary on changes in enforcement strategies for insurance and securities fraud, in light of recent overhauls to the regulatory scheme

Plus D&O symposium: morning session I

Edwards Wildman Palmer LLP
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USA
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February 3 2010

During a discussion on the state of securities litigation, a panel comprised of prominent securities litigators discussed trends in securities class actions and legislation that is on the horizon

Hedge fund not entitled to reimbursement of defense costs under mutual fund and directors and officers errors and omissions liability insurance policy

Edwards Wildman Palmer LLP
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USA
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March 19 2009

Edwards Angell Palmer & Dodge, LLP recently obtained a decision and order from the Supreme Court of the State of New York, New York County, granting its client Select Insurance Company’s motion for summary judgment, dismissing the complaint of the hedge fund insured

NAIC and NCOIL file suit to overturn SEC rule classifying indexed annuities as securities

Edwards Wildman Palmer LLP
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USA
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February 17 2009

On February 10, 2009, the National Association of Insurance Commissioners (“NAIC”) and the National Conference of Insurance Legislators (“NCOIL”) filed suit in the U.S. Court of Appeals for the District of Columbia Circuit seeking to overturn Rule 151A adopted by the Securities and Exchange Commission (“SEC”) which classifies certain indexed annuities, previous regulated as insurance, as securities, and thus subjects them to federal, rather than state, regulation