This paper empirically analyzes the functions of directors' and officers' (D&O) liability insurance in corporate governance in Taiwan, it also reexamines the fundamental issue on the litigation risk of directors and officers. This research argues that litigation risk of directors, which is...

Without clear projections about where the path of litigation is most likely to lead, clients can be anchored in unrealistic expectations about the outcome and the costs of getting there. Fundamental to the lawyer's ethical role is the obligation to provide transparent information about legal...

Firms significantly modify their payout policy in anticipation of future litigation costs. We examine a comprehensive sample of U.S. corporate lawsuits and find that firms facing significant litigation risk pay lower dividends, and in some cases omit dividends while distributing more cash...

We investigate the relationship between corporate social performance and litigation risk by examining US class action lawsuits. We find that a one standard deviation improvement in environmental, social, and governance (ESG) controversies of an average sample firm reduces litigation risk from...