A legitimate concern for directors and officers, individual liability is a topic of regular discussion with our directors and officers liability (D&O) insurance clients.
In this podcast series, we explore developing areas of individual liability with distinguished legal and underwriting experts.
Companies incorporated and located within the United States (US) are familiar with shareholder derivative suits in which a shareholder seeks to stand in the shoes of the company to hold parties, typically the officers and directors, liable for alleged harm to the company. Historically, plaintiffs have not had much luck bringing derivative suits involving non-US companies in US courts. However, this trend has begun to change, with plaintiffs bringing these actions in the US court system against directors and officers of non-US companies.
In this episode we speak with lawyers Audra Soloway and Dan Sinnreich from Paul, Weiss, Rifkind, Wharton & Garrison LLP, about the phenomenon of shareholder derivative suits against directors and officers of non-US companies in US courts.
To listen to the other individual liability podcast episodes, please follow the links below:
United Kingdom
Stephanie Manson leads the management liability team in Marsh’s FINPRO Practice in London. In this role she leads a team of over 100 management liability specialists and has a broad overview of all segments of D&O, EPL, PTL, and commercial crime insurance placed in the UK. She advises boards of directors and risk managers on D&O market issues and the ever-changing legal and regulatory developments in management liability.
United States
A partner in Paul, Weiss' litigation department and co-chair of its securities litigation and enforcement group, Audra Soloway focuses her practice on securities litigation, corporate internal investigations, and enforcement proceedings and regulatory defence.
Audra has extensive experience representing companies and their officers and directors in shareholder class actions, derivative litigations, and individual actions, as well as arbitrations.
Audra also represents clients in investigations and enforcement proceedings brought by the Securities Exchange Commission and state securities regulators.
United States
Dan Sinnreich is an associate in Paul, Weiss' securities litigation and enforcement practice group.
Dan represents clients in a wide range of commercial and corporate matters, including securities class actions, mergers and acquisitions litigation, and complex contractual disputes. He also has experience representing individual and corporate clients in civil and criminal securities investigations by United States governmental agencies.
Dan has represented high-profile clients in finance, banking, information technology, and consumer goods, among other industries, in both federal and state trial and appellate courts.
