Insight and Intelligence on the London & International Insurance Markets 22 Jan 2018
21st Century Fox claim tags US D&O market for $90mn
- 22 November 2017
21st Century Fox has agreed to settle a shareholder derivative lawsuit arising from a sex harassment scandal that enveloped the Fox News network last year, with the $90mn settlement funded by the company's directors' and officers' (D&O) insurers.
The settlement - which includes provisions for governance and compliance enhancements, including the creation of a Workplace Professionalism and Inclusion Council - provides that the individual defendants and the estate of the late Roger Ailes will "cause their insurers to make a...
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