A post on the Hunton Employment & Labor Perspectives Blog recently discussed how Democrats in the House of Representatives sought to amend the Federal Labor Standards Act (FLSA) as part of new proposed legislation called the “Wage Theft Prevention and Wage Recovery Act”. The post concluded that the legislation, if enacted, would increase both the frequency and severity of not only FLSA collective actions but also of investigations and enforcement actions by the Department of Labor’s Wage and Hour Division.
Continue Reading Assessing Wage and Hour Insurance Coverage Following Proposed FLSA Amendments
Investigations
Following Record-Setting Year, SEC Opens 2022 With $4 Million in New Whistleblower Awards: Is Your D&O Policy Prepared to Respond?
By Geoffrey B. Fehling on
Posted in D&O
2022 has kicked off with several new whistleblower awards, as the SEC announced earlier this week that it had awarded more than $4 million to whistleblowers who provided information and assistance in two government actions—one for misconduct occurring overseas and a second where the whistleblower’s assistance directly led to the success of the covered action. …
Continue Reading Following Record-Setting Year, SEC Opens 2022 With $4 Million in New Whistleblower Awards: Is Your D&O Policy Prepared to Respond?
Hunton Andrews Kurth Counsel Geoffrey Fehling Quoted in Law360 Article on D&O Coverage for FCPA Claims
By Hunton Andrews Kurth LLP on
Posted in D&O
Hunton Andrews Kurth Counsel Geoffrey Fehling was quoted on June 4 in a Law360 article titled “FCPA’s High Costs May Cause Tightening In D&O Market.” The article analyzed heightened FCPA enforcement risks faced by corporate policyholders, which could lead to an even harder market for directors and officers insurance coverage for those exposures, according to Fehling and other legal experts interviewed for the article. Citing recent government-led investigations into FCPA violations, the article discussed, among other things, three key expenses large corporate policyholders must consider when being investigated for a FCPA violation: costs to investigate the alleged violation, costs for any liability for a violation supported by evidence, and costs to shareholders for potential securities or other follow-on litigation.
Continue Reading Hunton Andrews Kurth Counsel Geoffrey Fehling Quoted in Law360 Article on D&O Coverage for FCPA Claims