executive liability News

US Prosecutors Recommend DOJ Criminally Charge Boeing as Deadline Looms

U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar with the matter told Reuters. The Justice Department must …

SEC Sues SolarWinds for Concealing Cyber Risks Before Massive Hack

The U.S. Securities and Exchange Commission on Monday sued software company SolarWinds Corp. and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during a massive hack targeting the U.S. government. The SEC lawsuit in Manhattan …

Ex-Blue Bell CEO to Plead Guilty to Misdemeanor Over 2015 Listeria Outbreak

The former chief executive of Blue Bell Creameries will plead guilty to a misdemeanor charge under a deal in which prosecutors have agreed to drop fraud charges against him related to a 2015 listeria outbreak traced back to the company’s …

Justice Dept Wants Execs to Foot Bill for Corporate Misconduct

The U.S. Justice Department is rolling out a new policy aimed at pushing the cost of corporate crime into the pockets of executives, the latest in a series of changes at the agency under President Joe Biden. The agency’s criminal …

Lawsuit Dismissed Over McDonald’s Board’s Severance Pay to Fired CEO

McDonald’s Corp’s board cannot be sued for allowing former CEO Steve Easterbrook to keep tens of millions of dollars when the restaurant chain fired him for having a relationship with an employee, a Delaware judge ruled on Wednesday. The directors …

Shareholders Can Sue McDonald’s Ex-Executive in Landmark Ruling

Shareholders can sue McDonald Corp’s former global chief people officer for the damage they claim he caused to the restaurant chain by allegedly allowing a culture of sexual harassment to flourish, according to a groundbreaking legal ruling. The decision marks …

How CNN Exec’s Departure Illustrates Peril of Not Disclosing Workplace Romance

For all the potential peril of a workplace romance, the most common source of trouble, experts say, is allowing it to remain a secret. A case in point was last week’s abrupt ouster of longtime CNN chief executive Jeff Zucker, …

Study Links Cheating on Spouse with Professional Misconduct

People who cheat on their spouses are a lot more likely to engage in misconduct in the workplace, according to a new academic study. The researchers looked at the records of police officers, financial advisers, white-collar criminals and senior executives …

Executive Liability Unit of Great American Insurance Opens Dallas-Area Office

Great American Insurance Group’s Executive Liability Division has opened a new regional office in the Dallas, Texas, metro area. In addition to the Executive Liability home office in Schaumburg, Illinois, the division has additional regional offices in Atlanta, Georgia; Chicago, …

Ex-Executives at French Telecoms Group Orange on Trial over Wave of Staff Suicides

Former bosses at leading French telecoms group Orange were due to go on trial on Monday over a series of suicides at the company in the late 2000s – a traumatic episode that shocked the nation and raised questions over …