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Restitution Can Leave D&O Policyholders High And Dry

By Christie Smythe (March 26, 2010, 11:03 AM EDT) -- Companies facing securities claims precipitated by the recession could run into trouble with their insurers if the damages at issue dangle close to the definition of restitution or disgorgement, policyholder attorneys warn, pointing to an ongoing coverage suit involving biotechnology Genzyme Corp. as a sign of future battles to come....

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