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– maintain a board diversity policy that addresses gender, skills and experience, and any other relevant aspects of diversity; and – describe in its annual report its board diversity policy, including the following: – i) the company’s targets to achieve diversity on its board;– ii) the company’s accompanying plans and timelines for achieving the targets;– iii) the company’s progress towards achieving the targets within the… [read post]
1 Dec 2023, 7:50 am by Jon L. Gelman
On November 8, 2023, Arrowood Indemnity Company, a Delaware domestic property and casualty insurance company (“Arrowood”) was ordered liquidated by the Court of Chancery of the State of Delaware (the “Court”).Arrowood was incorporated in 1979 under its former name, Royal Indemnity Company, and was headquartered in Charlotte, NC. [read post]
30 Nov 2023, 8:29 am
  Importantly, insurance companies will do everything they can to settle your case for as little as possible. [read post]
27 Nov 2023, 3:16 pm by Cynthia Marcotte Stamer
A Maryland restaurant owner faces up to five years in prison after he pleaded guilty l to willfully failing to pay employment taxes withheld from his employees’ wages today. [read post]
21 Nov 2023, 6:51 am by Dan Bressler
Hackers such as LockBit target companies and governments with ransomware that disables access to computer systems. [read post]
That provision requires that, in order to qualify as an REIT, an entity would have to be a corporation, trust or association: which is managed by one or more trustees or directors; the beneficial ownership of which is evidenced by transferable shares, or by transferable certificates of beneficial interest; which (but for its designation as an REIT) would be taxable as a domestic corporation; which is neither a financial institution referred to in section 582(c)(2) of the IRC, nor an… [read post]
13 Nov 2023, 9:05 pm by renholding
”[19]The Interpretive Guidance states that the Council expects to “continue addressing most risks through its collaboration with primary financial regulators” and will base any nonbank financial company designation on “data-driven analysis that reflects the distinctive aspects of the company, its market, and its existing regulation. [read post]
12 Nov 2023, 1:00 am by Banks Law Office
However, separate and apart from GWG’s shortcomings as a company, L-Bonds had very risky characteristics as a financial instrument. [read post]
9 Nov 2023, 7:29 pm by Banks Law Office
Looking at the balance sheet, GWG’s current assets should approximately equal its cash, restricted cash, and life insurance policy benefits receivable. [read post]
8 Nov 2023, 5:01 pm by Jon L. Gelman
While the primary recovery may be the employer/workers’ compensation insurance company, the secondary claim would be against the ultimate wrongdoers, the manufacturers and suppliers of the product or toxic substance. [read post]
8 Nov 2023, 6:12 am by Silver Law Group
The investors sought legal representation after suffering substantial losses investing in GWG, a company which claimed to profit from investing in life insurance policies but has declared bankruptcy amidst massive losses. [read post]
7 Nov 2023, 10:40 am by Mario Zúñiga
From the perspective of companies that own and operate digital platforms and services, if regulations like the DMA make markets less profitable, some companies could choose not to enter or leave such markets. [read post]