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Subsidiaries of Chubb, AIG, Travelers and The Hartford were all named in the lawsuit. -
The decision allows a $4bn settlement, threatened by insurer claims, to proceed.
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The suit accuses CEO Brian Cornell and other Target executives.
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The restructuring arrangement is designed to protect creditors.
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Anti-DEI shareholder activist groups are targeting directors and officers with increasing threats of litigation.
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James Keating received 20 months in prison and three years of supervised release.
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The AIG subsidiary says it has no obligation to “defend or indemnify” McKinsey.
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The complaint accuses a new law firm, Liakas Law, of involvement in a fraud scheme.
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A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
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III also denies its CEO made anti-gay remarks or harassed a gay employee.
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Federal court securities class actions hit a four-year high last year.
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California’s crisis spurred the biggest reforms in decades.
