DOJ Targets D&O: Yates Memo's Impact On Insurance Claims
Law360, New York (September 29, 2015, 10:58 AM EDT) -- The U.S. Department of Justice released a new enforcement policy on Sept. 9, 2015, that will likely increase the costs associated with claims under director and officer insurance policies.
Deputy Attorney General Sally Quillian Yates issued a memorandum to the DOJ's prosecutors, called "Individual Accountability for Corporate Wrongdoing" (Yates Memo). The Yates Memo emphasized the DOJ's enhanced focus on holding corporate executives accountable for corporate wrongdoing in both criminal and civil cases. In the past, the DOJ has routinely agreed to settle cases of corporate wrongdoing by requiring the organizations to pay fines, change their business practices and sometimes agree to...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!