Directors & Officers Liability
LRD represents insurers in claims arising under directors and officers (D&O) liability insurance policies, including securities class action litigation, direct and derivative shareholder suits, government investigations, and creditor claims in bankruptcy. We assist insurers in evaluating coverage, assessing underlying exposures, and obtaining successful claims resolution through informal workouts, mediation, or coverage litigation. LRD attorneys have represented insurers in many of the largest D&O exposures over the last years, including the recent cryptocurrency meltdown, bank failures, opioid epidemic, and Me Too.
Our expertise in representing primary, excess, and Side A D&O insurers includes:
Negotiating multi-tower workouts in claims arising out of SPAC/deSPAC and other M&A transactions;
Assisting clients to assess liability and damages issues and settle securities class action suits, derivative actions, and direct shareholder suits;
Evaluating exposure from SEC, DOJ, OCC, FTC, and other regulatory investigations;
Navigating D&O insurance issues in bankruptcy;
Advising on Securities Claim, related claims, bump up, no Loss, insured capacity, allocation, and other common D&O coverage issues.