Tesla Inc. Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in 2016 to acquire SolarCity Corp, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday. Tesla …
During the first quarter 2022 buyers of commercial insurance saw average rate increases across all lines of 6%, according to MarketScout’s Market Barometer. The average increase remained consistent compared to the average increase of 5.8% observed in the fourth quarter …
A Los Angeles judge ruled that California’s landmark law mandating that corporations diversify their boards with members from certain racial, ethnic or LGBT groups is unconstitutional. The brief ruling granted summary judgment to Judicial Watch, a conservative legal group that …
Proposal requires SPACs disclose conflicts during, after listing Disclosures must be issued at least 20 days before deal vote Rule would strip SPACs of legal safe harbor for projections Wall Street’s watchdog on Wednesday unveiled a draft new rule to …
The U.S. Justice Department’s top priority in rooting out corporate malfeasance is to hold individuals accountable, Attorney General Merrick Garland said March 3 as he detailed a shift in focus and resources at the agency. The agency is allocating resources …
Cartier sued Tiffany & Co on Monday, accusing its luxury rival of stealing trade secrets concerning its high-end jewelry from an employee it lured away in December, in a sign competition in the fast-growing jewelry category is heating up. According …
Wildfires dominated headlines once again in Insurance Journal’s West region. Stories on wildfires in California, as well as efforts to aid homeowners affected by the fallout of several years of severe drought and massive wildfires, were among the most read …
When then-California Gov. Jerry Brown signed the nation’s first law requiring women on boards of publicly traded companies, he suggested it might not survive legal challenges. Three years later, a judge will begin hearing evidence this week in Los Angeles …
San Diego, CA (February 23, 2021) – Insurance Journal’s Academy of Insurance today announced the release of “Professional Lines Insurance: An Oral History: The People and Companies that Built a Niche,” by Larry Goanos, a book about the real-world workings …
The company behind a proposed copper and gold mine in Alaska faces lawsuits from investors claiming it misled shareholders who have seen an 85% drop in stock value since the summer. Two lawsuits filed in U.S. District Court in New …
