EXECUTIVES, DIRECTORS AND OFFICERS LIABILITY
Officers and directors are increasingly targeted for their actions, or alleged failures to act, in a wide variety of contexts. In conjunction with our professional liability practice, Litchfield Cavo attorneys defend corporate executives, board officers, directors, practice executives and business entities when sued in civil actions by their shareholders and investors, limited partners or other interested third parties.
Our professional and management liability attorneys are ranked among U.S. News – Best Lawyers® because they understand the unique circumstances of executive-level management and committee members. Our attorneys defend clients against theories such as negligence, mismanagement, breach of fiduciary duty, bad faith and claims fraud. Our D&O litigation attorneys stay current on the proliferating number of federal and state statutory remedies in securities law, civil rights law, dispute resolution, environmental law, and food and drug laws.
Our D&O Liability Record
- Defense of director of Savings and Loan Association that was sued by various entities after the failure of that institution.
- Defense of a class action brought against the directors and officers of a major accounting firm by investors in certain ventures that failed including the construction of refineries nationally.
- Defense of directors of a law firm accused of breach of fiduciary duty and mismanagement by a former shareholder.
- Defense of directors of a major manufacturing company sued by its former president who had been dismissed.
- Defended company Officers in a $1.3 million breach of contract, fraud and negligent misrepresentation claims involving the sale of its business.
- Defended finance company’s Officer in a $1.2 million breach of contract, fraud and negligent misrepresentation regarding the sale of a business investment.
- Defending a client in a class action suit brought by various groups of providers asserting antitrust, price-fixing, conspiracy and slow-pay claims arising from processing and payments.
- Obtaining a $2.15 million judgment on behalf of an FSB client for fraud against parties on residential mortgage loans that client underwrote, approved and funded.
- Represented Chief Compliance Officer in regulatory enforcement investigation conducted by FINRA.
- Represented a registered representative of a broker-dealer in an insider trading investigation by the Securities and Exchange Commission.
Litchfield Cavo attorneys nationwide may also act as coverage counsel in connection with claims under primary and excess policies to analyze whether coverage exists for officers, directors or business entities sued in such litigation.