The Department of Commerce and the Office of the US Trade Representative recently announced an agreement with the EU to remove the 25% additional tariffs on steel and 10% additional tariffs on aluminum pursuant to section 232 of the Trade Expansion Act 1962, which have been in effect since June 2018.
In a decision likely to transform D&O policies across the nation, the Delaware Supreme Court held that fraudulent conduct by corporate officers and directors is insurable under Delaware law. RSUI Indemnity Company v. Murdock, 2021 WL 803867 (Del. March 4, 2021). The court also held that Delaware law governs a coverage dispute under a D&O policy issued to a Delaware company, even though the policy was negotiated and issued in California, the company is headquartered in California, and its officers and directors live and work in California.