Category: directors & officers (D&O) liability insurance
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Tipsy Collective 2.0
Recently, the ongoing tussle at Tipsy Collective took a new turn, where the company is alleging $14 million in losses due to misconduct and poor decisions by former directors and an HR head. The new group of major shareholders is alleging that the previous management team made poor decisions that led to the company’s dismal…
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Guarding Against the Unexpected: Insights from the Tipsy Collective Legal Battle
Recently, there was a legal tussle between the shareholders and co-founder (Mr David Gan) of homegrown F&B company Tipsy Collective, after the other co-founder (Mr Derek Ong) passed on unexpectedly in 2023. The wife of Mr Ong sold his shares to the other shareholders, which resulted in them holding majority shares in the company. The…