Blogger Archives: Rob Yellen

Rob Yellen

Rob Yellen is the D&O and Fiduciary Liability Product Leader for Willis Towers Watson’s FINEX North America practice.

DOL’s new rule is now in effect — wave of fiduciary litigation may follow

No more delays. The Department of Labor’s (DOL) new fiduciary rule goes into effect today. While the DOL is willing to provide temporary enforcement relief to fiduciaries diligently working on compliance, the door is now open for civil litigation. What … Continue reading →

Disruptive change and animal spirits stoke D&O risk

After escalating D&O risk in 2016, buyers will be looking for a reprieve in 2017. They may be disappointed. Continue reading →

Decided: U.S. Securities Exchange Act Section10(b) applies to Sponsored Level 1 American Depositary Receipts

In a January 4, 2017 decision, the Honorable Charles R. Breyer, U.S.D.J. denied defendants’ motion to dismiss claims under the U.S. Securities Exchange Act Section 10(b). The decision, held that because defendants sponsored American Depositary Receipts (ADRs) in the United … Continue reading →

First Half 2016 — Class actions are back . . . with a vengeance!

As predicted in my A Perfect D&O Storm (February 2016), this year has seen some rough seas — at least from a D&O liability perspective. Securities class action filing activity grew to more than one-third higher than the 10-year securities … Continue reading →

First Look: Inflated Risk From The New DOL Fiduciary Standard Conundrums

The key question facing today’s financial services firms is how to assess and mitigate risks from the Department of Labor’s (DOL) expanded definition of “investment advice fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA). The common theme … Continue reading →

A Perfect D&O Storm

Economic headwinds, individual accountability and disruptive change, like forces of nature, are converging in a way that could change the game for directors & officers (D&O) risk. Continue reading →