Foreign firms face increased US class action exposure and scrutiny from D&O insurers

Headquarters of the US Court of Appeals for the Ninth Circuit

D&O underwriters are increasing their scrutiny of US American Depository Receipts (ADRs), following recent cases that point to likely increased class action exposure for foreign companies. Recent legal cases in the US have shown foreign companies with ADRs – derivative securities issued by a depositary bank – may be more exposed to securities class action litigation than previously thought. In…

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