Kevin LaCroix

Kevin M. LaCroix is an attorney and Executive Vice President, RT ProExec, a division of R-T Specialty, LLC. RT ProExec is an insurance intermediary focused exclusively on management liability issues.

Mental Health Services Company Hit with Post-IPO COVID-Related Securities Suit

By Kevin LaCroix

August 11, 2022

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The changes and disruptions caused by the COVID-19 pandemic continue to roil companies’ business operations and financial results. The pandemic’s effects, and the ensuing shifts in business operations and strategic decision-making, are also in some instances continuing to result in securities class action litigation. In the latest example of these phenomena, a plaintiff shareholder has filed a securities suit against the mental health care service provider LifeStance Health Group, Inc. and certain of its executives.…

The D&O Diary

Cornerstone Research: First Half Securities Suit Filings Up Slightly Compared to Second Half 2021

By Kevin LaCroix

July 27, 2022

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The number of securities class action lawsuit filings in the first half of 2022 was up slightly compared to the number of filings in the second half of 2021, according to a new report from Cornerstone Research. The report, which is entitled “Securities Class Action Filings: 2022 Midyear Assessment,” contains extensive analysis of the first half 2022 filings, including in particular some interesting discussion about SPAC-related securities litigation. The report itself can be found here…

The D&O Diary

Guest Post: As Private Equity Healthcare Investments Grow, Will D&O Liability Exposure Increase?

By Kevin LaCroix

July 25, 2022

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Sarah Abrams In the following guest post, Sarah Abrams, Head of Professional Liability Claims at Bowhead Specialty Underwriters, takes a look at the implications for D&O insurers of the growing investment interest of private equity firms in the healthcare sector. I would like to thank Sarah for allowing me to publish her article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s…

The D&O Diary

Drug Development Company Hit with COVID-19-Related Securities Suit

By Kevin LaCroix

July 13, 2022

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It is so interesting to me that, notwithstanding the passage of time since the initial coronavirus outbreak in the U.S. in March 2020, plaintiff shareholders continue to file COVID-19-related securities class action lawsuits — as we saw, for example, in the infrastructure overcapacity lawsuit filed last week against Amazon. In yet another case showing how COVID-related concerns are continuing to roil companies and attract securities suits, earlier this week a plaintiff shareholder filed a securities…

The D&O Diary

Amazon Hit With Securities Suit Over Pandemic-Related Infrastructure Overcapacity

By Kevin LaCroix

July 8, 2022

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It has been well over two years since the initial coronavirus outbreak in the U.S., but the pandemic continues to affect businesses. Many companies that found themselves making business decisions at when the outset of the pandemic are still dealing with the consequences of those decisions. In at least some cases, the consequences from those business decisions are leading to securities class action litigation, as the lawsuit filed this week against Amazon shows. According…

The D&O Diary

Pace of Securities Suit Filings in First Half 2022 Slightly Below Last Year’s Annual Level

By Kevin LaCroix

July 5, 2022

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The number of securities class action lawsuit filings in the first half of 2022 remained at the lower levels that prevailed last year and below the more elevated levels that prevailed during the period 2017-2020. Though the number of securities class action lawsuit filings in the year’s first six months is below the recent higher levels, the number of suits filed is still consistent with long-term averages. The difference in the number of filings so…

The D&O Diary

The Growing Challenge of Identifying COVID-Related Securities Suits

By Kevin LaCroix

June 21, 2022

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In the now more than two-and-a-quarter years since the initial COVID-19 outbreak in the U.S., a significant number of COVID-related securities class action lawsuits have been filed. What is surprising is not that the suits have been filed; rather, it is that even at this late date, the COVID-related suits continue to be filed. As time has gone by, however, it has become increasingly challenging to say with clarity whether a particular lawsuit is or…

The D&O Diary

Business and Litigation Risk in a Challenging Operating and Economic Environment

By Kevin LaCroix

June 15, 2022

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Businesses currently face a host of challenging operating circumstances: supply chain issues; labor shortages; economic inflation; the war in Ukraine; and the continuing disruptive effects of the pandemic. As a new securities class action lawsuit filed this week against the consumer product company Tupperware shows, these kinds of operating conditions not only create business and financial risk for many companies, but these conditions can also translate into litigation risk, as well. A copy of the…

The D&O Diary

DOJ, SEC Press COVID 19-Related Charges Against Health Care Company, CEO

By Kevin LaCroix

June 3, 2022

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Almost from the very outset of COVID-19 in early 2020, investors and others have filed pandemic-related securities suits and other claims against companies and their executives. Even though the initial outbreak is now nearly 27 months in the past, claims activity continues. In the latest development, a grand jury has returned an indictment against a health care company’s former CEO concerning statements the CEO made in April 2020 about the company’s ability to profit from…

The D&O Diary

A Long-Awaited Return to Germany

By Kevin LaCroix

May 15, 2022

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Frankfurt am Main The D&O Diary was on travel in Europe this past week, with an extended sojourn in Germany. It was delightful to be back in Germany after the long pandemic-caused travel interlude. The pleasure of the journey was substantially enhanced by the absolutely terrific weather we enjoyed during our visit. The primary purpose of the first leg of the trip was to participate in a conference in Frankfurt sponsored by the DRRT…

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