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Results: 1-7 of 7

New considerations in mandatory and permissive indemnification under Delaware law: an analysis of Hermelin v. K-V Pharmaceutical Company

  • Jenner & Block
  • -
  • USA
  • -
  • February 27 2012

On February 7, 2012, the Delaware Chancery Court (the “Court”) decided Hermelin v. K-V Pharmaceutical Company

The SEC requires a CEO to repay incentive-based compensation after accounting staffers’ embezzlement causes company restatement

  • Jenner & Block
  • -
  • USA
  • -
  • January 31 2012

On October 24, 2011, the SEC announced that it had filed a settled civil enforcement action requiring, under Section 304 of Sarbanes-Oxley, the CEO of a public company to repay all of his cash and equity-based bonus compensation received for three years the company restated

U.K. publishes official Guidance for Bribery Act 2010

  • Jenner & Block
  • -
  • United Kingdom
  • -
  • March 31 2011

On March 30, 2011, the United Kingdom's Ministry of Justice published its long-awaited official Guidance for the Bribery Act 2010

“The elephant in the room”: indictment of former GlaxoSmithKline in-house attorney dismissed due to prosecutors’ misstatement of advice of counsel defense to grand jurors

  • Jenner & Block
  • -
  • USA
  • -
  • March 24 2011

A federal district court has dismissed the indictment of a former in-house counsel at pharmaceutical company GlaxoSmithKline ("GSK"), Lauren Stevens, who was charged in November 2010 with obstruction of a proceeding, false statements, and falsifying or concealing documents, for her role in responding to a document request from the Food and Drug Administration ("FDA"

Court ends defense costs coverage for Allen Stanford under D&O policies prior to a final adjudication of civil and criminal liability

  • Jenner & Block
  • -
  • USA
  • -
  • December 12 2010

Upon remand after a decision by the U.S. Court of Appeals for the Fifth Circuit the United States District Court for the Southern District of Texas recently issued a decision ending directors and officers liability (“D&O”) insurance coverage for R. Allen Stanford and other Stanford Financial executives prior to a final adjudication of such executives’ criminal and civil liability

BAE Systems PLC

  • Jenner & Block
  • -
  • USA
  • -
  • September 20 2010

UK company BAE Systems PLC pleaded guilty to one charge of conspiring to make false statements to the U.S. government in connection with certain regulatory filings and undertakings

Stanford Financial’s D&O insurers enjoined from unilaterally refusing defense cost advancement

  • Jenner & Block
  • -
  • USA
  • -
  • March 17 2010

The U.S. Court of Appeals for the Fifth Circuit has issued a significant decision concerning the obligation of directors' and officers' liability insurers to fund their insureds’ defense

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