News & Analysis as of

D&O Insurance Delaware General Corporation Law

Woodruff Sawyer

The ABCs of Corporate Law: Reforming Section 220 Demands

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For many years, plaintiffs’ lawyers have used Section 220 requests to harass Delaware corporations. Typically, books and records demands are intrusive and annoying—and nothing more. However, in some cases, plaintiffs have...more

Woodruff Sawyer

New Protection for Corporate Officers: Delaware Exculpation

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It’s a banner year for Delaware corporations when it comes to protecting their directors and officers. Earlier this year, the Delaware legislature took steps that will allow captives to become a more viable alternative to...more

Skadden, Arps, Slate, Meagher & Flom LLP

Delaware General Corporation Law Amended To Authorize Use of Captive Insurance for D&O Coverage

On February 7, 2022, Delaware’s governor signed a bill amending the Delaware General Corporation Law (DGCL) to expressly authorize Delaware corporations to purchase and maintain directors’ and officers’ (D&O) liability...more

Cooley LLP

Delaware Expands Use of Directors and Officers Captive Insurance

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On February 7, 2022, Delaware Governor John Carney signed into law a bill that amends the Delaware General Corporation Law (DGCL) to expressly allow the use of captive insurance companies to fund a Delaware corporation’s...more

Cooley LLP

Delaware Set to Expand Use of Directors and Officers Captive Insurance

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On January 27, 2022, the Delaware state legislature passed legislation amending the Delaware General Corporation Law (DGCL) to expressly allow the use of captive insurance companies to fund a Delaware corporation’s directors...more

Morgan Lewis

Delaware Fully Embraces Captive Insurance as an Option to Protect Directors and Officers

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Delaware amended its Corporation Law (Section 145(g)) to expressly permit the use of captive insurance to protect directors and officers, including from claims for which indemnification is prohibited, joining many other key...more

Woodruff Sawyer

D&O Game Changer: Delaware Approves Using Captives for D&O Insurance

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Big News. On January 27, 2022, the Delaware Legislature passed legislation designed to make captive insurance a viable alternative to traditional D&O insurance. This new development should mean that, over time, the cost of...more

Skadden, Arps, Slate, Meagher & Flom LLP

Indemnification Considerations for Directors and Officers of Delaware Entities

Directors and officers (Ds&Os) face exposure to potential personal liability for claims made against them in their capacity as directors and officers of the companies that they serve. This article is part one in a two-part...more

Hogan Lovells

Quarterly Corporate / M&A Decisions Update: Q4 2020

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Below is our Quarterly Corporate / M&A Decisions Update for decisions in Q4 2020. This update is designed to highlight selected important M&A, corporate, and commercial court decisions on a quarterly basis. Brief summaries of...more

Jones Day

Delaware Court Rules Appraisal Action Is A Covered “Securities Claim” Under D&O Policy - The Delaware Superior Court's Solera...

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In a significant ruling for policyholders on an issue of first impression, on July 31, 2019, the Delaware Superior Court determined that shareholder appraisal actions constitute a covered "Securities Claim," as that term is...more

Mintz Edge

CAUTION: Director Veto Rights in Financing Documents May Constitute “Disproportionate Voting”

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Section 141(d) of the Delaware General Corporations Law (DGCL) allows the certificate of incorporation (COI) of a Delaware corporation to confer upon one or more directors voting powers greater than or less than those of...more

White and Williams LLP

Is a “Vice President” an Officer for Indemnity Purposes? Delaware and New Jersey Weigh In

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What makes a corporate officer an “officer”? For corporations, the issue of who qualifies as an officer is significant because corporations may be required to advance legal expenses and indemnify their officers pursuant to...more

Zuckerman Spaeder LLP

The Safety Net of Delaware

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Companies want to attract talented leadership, and protections for officers and directors against lawsuits can be part of the total package. This is one reason why many businesses incorporate in Delaware—Delaware law...more

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