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Expert Analysis

D&O Coverage Considerations For FCPA Claims

Law360 (June 8, 2010, 10:47 AM EDT) -- Congress enacted the Foreign Corrupt Practices Act to prevent corporate bribery of foreign officials.[1] The number of FCPA actions initiated by the United States Department of Justice and the U.S. Securities and Exchange Commission has skyrocketed over the past few years. In turn, shareholders and other litigants have increasingly filed "follow-on" civil lawsuits based on FCPA violations. Because of the significant costs associated with FCPA-related litigation, companies must understand and be in a position to negotiate the broadest coverage available under their directors and officers liability insurance policies....

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