Corporate Boards in the Crosshairs of Federal Prosecutors

April 4, 2016Articles Philadelphia Business Journal

Corporate boards have considerably more risks to consider than they did just a year ago as a result of a sea change in Delaware’s law on stockholder litigation and the revelation that the U.S. Department of Justice is now focused intently on establishing the liability of individual corporate board members whenever possible.

Add to that the trend we saw in 2015 for record nine-figure settlements in derivative actions and the pressures on corporate boards — and their insurers — are difficult to overstate.

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