D&O Insurance Considerations for Companies and CCOs

June 25, 2017

MoneyGram, a financial services company, recently settled a civil suit with the government related to Bank Secrecy Act claims. In that suit, the government included the company's chief compliance officer in its charges.  Two partners from the law firm of Jenner & Block recently published an article examining the implications of the suit, settlement and proper D&O coverage.  While not directly involving investment advisers or investment companies, the article has some helpful information and discussion regarding D&O insurance.  The authors suggest that CCOs and other company officials from all sorts of industries “should use this [case] as an opportunity to review and understand the[ier D&O] insurance coverage.....” 

Article source:  https://jenner.com/library/publications/17117

Posted by Karl Hartmann, June 25, 2017