Directors and officers insurers backdating claims face exploit for adult dating site no credit card
Recent scandals at European companies have led to sweeping reforms of European corporate governance and audit procedures, and a more aggressive class of shareholders has emerged, Willis says in its release.This, coupled with the aforementioned appetite for U. law firms to get involved in litigation against non-U. companies, could give rise to heightened exposures for directors of companies outside the already well-established threats of U. The EPL coverage section by its terms applied only to what the Court described as “only enumerated species of actual Employment Practices Violations,” including wrongful discharge; harassment; discrimination; retaliation; employment-related misrepresentations; employment related libel or slander; wrongful failure to employ or promote; wrongful deprivation of career opportunity; wrongful discipline; failure to grant tenure; or negligent hiring, supervision, training or supervision.The EPL Coverage section was also subject to Endorsement No.
However, the outcome does raise questions about whether there might be ways for policyholders at least to obtain effective defense cost coverage for these kinds of claims.
Most management liability insurance policies contain exclusionary provisions of the kind that came into play here.
Indeed, most insurers intend to try to preclude coverage for wage and hour claims from coverage.
1 which specified that the insurer is not liable for Loss in connection with any Claim for violation of the Fair Labor Standards Act or any similar federal, state, local or foreign statutory or common law, including, without limitation, any Claims based upon, attributable to, the refusal or failure to pay wages or overtime pay; improper deductions from pay; or the failure to enforce legally required meal or rest break period.
In a September 29, 2017 opinion applying Massachusetts law (here), District of Massachusetts Judge Richard G.