Know Your D&O Policy

Law360, New York (March 1, 2011, 12:08 PM EST) -- It is not news to any reader of the financial news that accepting a position as a director or officer of a public company is fraught with risks of litigation — civil suits by shareholders, enforcement actions by the U.S. Securities and Exchange Commission and other regulators and even, in exceptional circumstances, criminal actions.

Litigation — even of the most frivolous sort — is costly and often protracted. Recent reports based on documents disclosed to Congress reveal that three former executives of the mortgage finance company...
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