Publicly traded financial services companies
Challenges: A challenging legal environment, plantiffs’ bars, and regulatory compliance have opened publicly traded companies to an increasing array of complex risks and significant financial loss. In addition, directors and officers are coming under increased scrutiny and lawsuits due to the following:
- Anti-corporate sentiment
Plaintiff firms have become increasingly successful at winning cases against corporations.
- Increased bankruptcies and related securities fraud suits
Companies outside the financial services arena are being affected and sued by shareholders and others as a result of the credit crisis.
- Lawsuits alleging stock price drops as a result of Director and Officer liability action
Sarbanes-Oxley has increased the statute of limitations for Securities Fraud cases, increasing companies’ potential exposure to suits.
- Continuing diversification of securities litigation
M&A challenges and corporative derivative suits pose significant risks for directors and officers.
- Increased government enforcement actions
Enforcement has reached record levels – at significant cost to corporations.
In this environment, it’s imperative to understand your company’s risk, especially risks to your directors and officers. You must know the ins and outs of your insurance policies, what they cover (or, more importantly, what they don’t), and your insurance company’s track record with claims advocacy.
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"These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling," SEC Chairman Christopher Cox said in a statement
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What is the website for the utilities company that provides water service in overland park, KS?
Serving Overland Park, KS Accountable Plumbing, LLC, in business since 2008, with over 10 years combined experience. 913-489-8203.
Why is Nationwide Financial Services no longer a publicly traded company?
Effective January 1, 2009, NFS became a wholly-owned subsidiary of Nationwide Mututal Insurance Company ("Nationwide") and a private company ("the transaction"). As part of the transaction, Nationwide purchased all of the outstanding shares of common stock of Nationwide Financial Services it did not already own. Accordingly, NFS has filed the required documents with the SEC and the New York Stock Exchange to voluntarily delist the company’s class A common stock from the New York Stock Exchange.