Didi and Luckin’s New York debacles shed light on corporate liability insurance as shield against class action lawsuits

//Didi and Luckin’s New York debacles shed light on corporate liability insurance as shield against class action lawsuits

Didi and Luckin’s New York debacles shed light on corporate liability insurance as shield against class action lawsuits

Didi Global’s New York listing debacle is shedding light on a little-known area of insurance that protects corporate directors and officers (D&O) from legal liability, as a number of law firms are soliciting shareholders to sign up for class-action lawsuits in US courts.Class action suits related to the securities industry jumped to 334 cases in the United States last year, 49 per cent higher than the average between 1997 and 2019, according to data compiled by Cornerstone Research. Chinese…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-07-23T05:30:09+00:00 July 23rd, 2021|Business|Comments Off on Didi and Luckin’s New York debacles shed light on corporate liability insurance as shield against class action lawsuits