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ABA - "It's 12 o'clock. Do You Know Where Your Federal Investigators Are?"

Event | 07.22.09, 12:00 AM UTC - 12:00 AM UTC

This is presented by The American Bar Association Criminal Justice Section White Collar Crime Committee’s Young Lawyers Subcommittee, Securities Fraud Subcommittee, and the Washington, D.C. Region Subcommittee.

This panel will feature representatives from the Fraud Section of DOJ’s Criminal Division, the SEC’s Enforcement Division, and the white collar defense bar discussing recent developments in the area of criminal and civil enforcement. Topics will include initiatives at both agencies relating to the investigation and litigation of alleged mortgage-backed securities fraud, Foreign Corrupt Practices Act violations, and more.

The speakers are Anjali Chaturvedi, Nixon Peabody LLP, Scott Friestad, Associate Director and Special Assistant to the Director, Division of Enforcement of the Securities and Exchange Commission, Paul E. Pelletier, Principal Deputy Chief, Fraud Section, Criminal Division of the Department of Justice [due to a case emergency Assistant Chief Adam Safwat showed up] and David Z. Seide, Curtis, Mallet-Prevost, Colt & Mosle LLP.

Ann Mason is moderating this event. Tom Hanusik is the co-chair Securities Fraud Subcommittee sponsor.

Crowell & Moring is the host.

For more information, please visit these areas: White Collar and Regulatory Enforcement

Participants

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Event | 02.20.25

Has the Buss Stopped? Recoupment Today

Has the Buss Stopped? Recoupment Today: In 1997, the California Supreme Court decided Buss v. Superior Court. In Buss, the court concluded that a liability insurer that defended a mixed action could seek reimbursement from the insured for the defense costs associated with the claims that were not even potentially covered. Since then, numerous courts have held that insurers are entitled to recoup their defense costs associated with uncovered claims or causes of action. On the other hand, a significant number of courts have rejected insurers’ right to recoupment, at least in the absence of a policy provision granting the insurer that right. Some commentators have even suggested that the current judicial trend might be away from permitting insurers to recoup their defense costs. Is that correct? Has the Buss stopped? This panel of coverage experts will analyze insurers’ claimed right to recoupment today, and offer their perspectives on what the law on recoupment should perhaps be and might be in the future.

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