Tag Archives: limits

Kiwi Surprise: D&O Insurance Defense Cost Protection Unavailable When Prospective Claims Exceed Policy Limits

One of the primary purposes for which policyholders purchase D&O insurance is to provide directors and officers with defense cost protection in the event claims are made against them. However, a September 15, 2011 decision by a justice of the … Continue reading

Posted in Corporate Law | Tagged , , , , , , , , , , , , | Leave a comment

Democrats join Dodd-Frank position limits policy-making

Democrats join Dodd-Frank position limits policy-making Last week, Democrats in the House and Senate introduced matching bills entitled "Anti-Excessive Speculation Act of 2011." H.R. 3006 and S. 1598 seek to override the position limits rule currently being drafted by the … Continue reading

Posted in Administrative law | Tagged , , , , , | Leave a comment

Section 75 of the Civil Service Law limits suspension without pay to thirty days notwithstanding the individual's being found guilty of the charges

Section 75 of the Civil Service Law limits suspension without pay to thirty days notwithstanding the individual's being found guilty of the charges Vargo v Safir, App. Div., First Dept., 291 A.D.2d 268 Although the Appellate Division did not have … Continue reading

Posted in Administrative law | Tagged , , , , , , , , , , , , , | Leave a comment

Dodd-Frank position limits delayed again

Dodd-Frank position limits delayed again The CFTC has postponed another meeting, pushing back a final vote on position limits until October 18th. The Commission was scheduled to meet on September 22nd, and then again on October 4th, to finalize a … Continue reading

Posted in Administrative law | Tagged , , , , | Leave a comment

Federal Legislation Would Curb Excessive Energy Derivatives Position Limits and Define Excessive Speculation

Concerned with proposed CFTC regulations on energy derivatives position limits, Senator Bill Nelson (D-FL) has introduced legislation under which no single investor could hold more than 5 percent of the oil futures market thereby greatly reducing speculators ability to manipulate … Continue reading

Posted in Banking and Finance law | Tagged , , , , , , , , , , | Leave a comment