Insights

D&O Databox Flash Report for Q3

November 21, 2013

Management Liability/D&O

The D&O Databox Flash Report is Woodruff Sawyer’s quarterly D&O litigation update. Here are the highlights for Woodruff Sawyer’s just released D&O Databox Flash Report for Q3:

  • While filing activity was up in Q3 2013 compared to the previous two quarters, we expect the total year-end number to be similar to 2012, i.e. around 125 cases.
  • If, however, the filing pace we saw in Q3 is sustained through the end of Q2, we’ll be on track to see closer to 140 cases, something we’ve only seen twice before in the last 5 years (subprime mortgages and Chinese reverse merger company issues being the previous drivers).
  • The High Tech sector has dominated filings by a very large margin.
  • The vast majority of the 66 securities class action lawsuit settlements paid through Q3 2012 have been at the lower end of the spectrum, i.e. under $20 million.

Check out the full Flash Report for more.

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ALSO: For a quick and simple overview of D&O insurance, check out NerdWallet’s recent article “What is Director and Officer (D&O) Insurance?” (And thank you, NerdWallet, for asking for my opinion.) Nerdwallet is a personal finance website that has been featured in the Wall Street Journal, the New York Times and CNN Money among others.

 

The views expressed in this blog are solely those of the author. This blog should not be taken as insurance or legal advice for your particular situation. Questions? Comments? Concerns? Email: phuskins@woodruffsawyer.com.

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All views expressed in this article are the author’s own and do not necessarily represent the position of Woodruff-Sawyer & Co.

Priya Cherian Huskins

Senior Vice President, Management Liability

Editor, Management Liability/D&O

Priya is a recognized expert and frequent speaker on D&O liability risk and its mitigation. In addition to consulting on D&O insurance, she counsels clients on corporate governance matters, including ways to reduce their exposure to shareholder lawsuits and regulatory investigations. Priya serves on the board of an S&P 500 public company and a large private company and has an impressive list of publications, speaking engagements, and awards for her influence and expertise in the industry. 

415.402.6527

LinkedIn

Priya Cherian Huskins

Senior Vice President, Management Liability

Editor, Management Liability/D&O

Priya is a recognized expert and frequent speaker on D&O liability risk and its mitigation. In addition to consulting on D&O insurance, she counsels clients on corporate governance matters, including ways to reduce their exposure to shareholder lawsuits and regulatory investigations. Priya serves on the board of an S&P 500 public company and a large private company and has an impressive list of publications, speaking engagements, and awards for her influence and expertise in the industry. 

415.402.6527

LinkedIn