Firm News | November 1, 2021
The Delaware Supreme Court has held that fraudulent conduct by corporate officers and directors is insurable in Delaware. This consequential decision, RSUI Indemnity Company v. Murdock, 2021 BL 76083 (Del. Mar. 3, 2021), is inconsistent with the public policy of many other states, and likely will have an immediate effect on Delaware-based corporations involved in…
Client Alerts | March 15, 2021 | Commercial and Corporate Litigation | Risk Management
The ICE Benchmark Administration (“IBA”) announced earlier this week that it will consult on its intention to extend publication of the overnight and one-, three-, six-, and 12-month USD LIBOR rates until June 30, 2023. The June 2023 extension, however, applies only to legacy contracts—no new USD LIBOR contracts will be permitted after 2021.1 The…
Client Alerts | December 3, 2020 | Commercial and Corporate Litigation | Derivatives | Hedge Funds | Risk Management
By Opinion and Order dated August 3, 2020 in the case of State of New York v. United States Department of Labor, Judge J. Paul Oetken, of the United States District Court for the Southern District of New York, invalidated four key components of the regulations issued by the Department of Labor (“DOL”) clarifying the…
Client Alerts | August 17, 2020 | Risk Management | Employment Litigation | Commercial and Corporate Litigation
Kleinberg Kaplan partner Marc Rosen was recently published in Board Agenda. His article #MeToo Continues: Why Sexual Harassment Is a Growing Litigation Risk discusses how corporations and their officers and directors can get embroiled in compliance-related, securities fraud cases by motivated investors trying to capitalize on the #MeToo movement. As Rosen states, these litigants contend…
Firm News | July 15, 2020 | Risk Management | Commercial and Corporate Litigation | Employment Litigation
On Monday, June 15, 2020, the Supreme Court of the United States handed down a monumental decision in Bostock v. Clayton County, Georgia, declaring that any employer who discriminates on the basis of sexual orientation or gender identity violates Title VII of the Civil Rights Act of 1964 which protects individuals in the workplace from…
Client Alerts | June 25, 2020 | Risk Management | Employment Litigation
The legal landscape has changed dramatically since the commencement of the #MeToo movement. Companies’ potential exposure to employment law liability has significantly increased, but now employment claims are not the only ones requiring the attention of the corporate world. A new ground for liability against corporations and their high-level executives has emerged under the federal securities…
Client Alerts | June 17, 2020 | Risk Management | Commercial and Corporate Litigation | Employment Litigation
As we manage the many dislocations resulting from the COVID-19 pandemic, some of the more ordinary tasks still need to be undertaken. One such task is notarization. How can one subscribe and swear “before” a notary in this age of social distancing? Fortunately, workarounds are available, some new and some already existing pre-pandemic. New York State Notarization Using…
Client Alerts | April 14, 2020 | Risk Management
New York Governor Andrew Cuomo signed the Stop Hacks and Improve Electronic Data Act (the “SHIELD Act”), amending New York’s data breach laws (N.Y. Gen. Bus. Law § 899-aa) to address the growing cybersecurity risks faced by businesses, employees and consumers. The SHIELD Act now requires businesses and employers collecting private information of New York residents,…
Client Alerts | April 7, 2020 | Risk Management
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