Friday, March 11, 2011
At Fordham Law in NYC there's an interesting book talk on March 30 (5-6:30p). Profs. Sean Griffith (Fordham) and Tom Baker (UPenn) have a new book - Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation. Get more info on the event here. And here's the book squib:
Shareholder litigation and class action suits play a key role in protecting investors and regulating big businesses. But Directors and Officers liability insurance shields corporations and their managers from the financial consequences of many illegal acts, as evidenced by the recent Enron scandal and many of last year’s corporate financial meltdowns. Ensuring Corporate Misconduct demonstrates for the first time how corporations use insurance to avoid responsibility for corporate misconduct, dangerously undermining the impact of securities laws.
Looks like a good read. When's summer?!