Current Issues in D&O Liability & Insurance 2016

 Wednesday, May 11, 2016| 9:00 am – 1:00 pm

Program Co-Chairs:
Scott R. Schaffer
Wilson Elser Moskowitz Edelman & Dicker LLP

Stephen A. Weisbrod
Weisbrod Matteis & Copley PLLC

  • Directors and officers of corporations face constantly increasing and evolving liability.  Those exposures are not limited to public companies, as directors and officers of private companies and non-profit enterprises also face potential liability.  Directors and officers of all organizations have exposures at common law for breach of fiduciary duty in the context of mismanagement claims, while D&Os of public companies may also face liablity for violations of the federal securities laws.  Increased mergers and acquisitions activity, including cross-border transactions as part of corporate tax savings strategies, have further complicated the subject of directors and officers liability.  And several years into the economic recovery from the “Great Recession”, the financial wherewithal of corporations, and their directors, officers, employees, investors and creditors continue to be at risk.  But corporations and D&Os are not alone in all this. Directors and officers liability, and corporate liability, insurance products address these exposures and are a key component of any corporation’s risk management plan.  Our panel of professionals, including insurers’ representatives and insureds’ advocates, will provide a balanced perspective on present and future exposures facing directors and officers, the D&O insurance marketplace, recent legal developments and the impact of coverage defenses on claim resolution.  Allocation between covered and non-covered claims and parties, and the interplay between D&O insurance and other kinds of insurance, will also be addressed.  Panel discussions include:

    • Primer on D&O Liability Exposures and Coverages
    • Update on U.S. Securities Litigation, Resolutions and Case Law
    • Special Claims/Coverage Considerations of Insureds and Insurers
    • The Dynamics of D&O “Towers” including Side “A” Coverage


    Live Program/Webcast/DVDs & CDs:
    $229 Member | $329 Nonmember
    In-House Counsel:  $149 Member | $249 Non-Member
    On-Demand: $189 Member| $289 Nonmember
    Materials Only (No CLE Credit): $99 Member| $129 Nonmember 

  • Steve Barge-Siever
    Senior Vice President
    Krauter & Company

    Richard J. Bortnick
    Senior Counsel
    Traub Lieberman Straus & Shrewsberry LLP

    R. Damian Brew
    Marsh USA

    John C. Cleary
    Vedder Price PC

    Steven R. DeLott
    Simpson Thacher & Bartlett LLP

    John A. Freedman
    Arnold & Porter LLP

    Salvatore Graziano
    Bernstein Litowitz Berger & Grossmann LLP

    Andre E. Harlfinger
    One Beacon Insurance Group

    Jeffrey R. Lattmann
    Executive Managing Director
    National Executive Liability Practice
    Beecher & Carlson

    Jill M. Levy
    Coughlin Duffy  LLP

    Jed D. Melnick
    JAMS
    Weinstein Melnick LLC

    John McNichols
    Williams & Connolly LLP

    Roger M. Moak
    Arbitrator-Umpire-Mediator

    Harold Neher
    Vice President, Claims
    Axis Insurance – Professional Lines

  • 9:00 am – 9:10 am

    Welcome and Introduction

    Jill M. Levy and Roger M. Moak

    9:10 am – 10:20 am

     

    D&O Liability and Insurance Re: Securities Class Actions and Derivative Actions

    • “A&B”, “ABC”, and Side “A” Insurance Policy Provisions and Triggers
    • Violation of Federal Securities Laws, and Breach of Fiduciary Duties
    • Securities Class Action & Derivative Action Trends, Statistics and Settlements
    • Impact of Recent U.S. Supreme Court Decisions Incl. Halliburton & Omnicare

    Moderator: Scott R. Schaffer
    Panelists: Harold Neher, Salvatore Graziano, Jeffrey R. Lattmann and John McNichols

    10:20 am – 10:30 am

    Break      

    10:30 am – 11:40 am

    Special Considerations of D&O Claims Handling  

    • Differing Perspectives of Insurers, Policyholders, Brokers, Defense Counsel and Mediators
    • Allocation Between Covered and Non-Covered Claims, Defendants and Losses
    • Interplay Between D&O insurance and Other Insurance Products
    • Impact of Heightened DOJ and SEC Investigations and Prosecutions of Corporate Insureds

    Moderator: Stephen Weisbrod 
    Panelists: Steven R. DeLott, John A. Freedman, and Jed D. Melnick

    11:40 am – 11:50 am

    Break

    11:50 am – 1:00 pm

    The “Y2K” That Really Happened (Impact of Cyber Liability upon D&O Liability)

    • Anatomy of a Cyber Data Breach Incident
    • D&O Exposures Resulting From Cyber Breach Incident
    • Review Notable Cyber-Related Securities Class Actions & Derivative Actions
    • Policies Which May Respond to Cyber Data Breach Claims

    Moderator: Andre E. Harlfinger  
    Panelists: R. Damian Brew, John C. Cleary, Richard J. Bortnick, and Steve Barge-Siever

     

  • NY: 4.0 professional practice
    NJ: 4.4 general
    CA: 4.0 general
    PA: 3.5 general

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  • The Insurance Federation of New York, Inc. (IFNY)

    Sponsoring Association Committee:
    Insurance Law | Jill M. Levy, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Maricela Alfonso, Membership and CLE Relations Associate | (212) 382-6608 | MAlfonso@nycbar.org
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