CEO Liability In Subprime Litigation Tough Call

Law360, New York (February 21, 2008, 12:00 AM EST) -- Corporate executives are increasingly being named as defendants in a rising tide of subprime-related litigation. But while the true scope of any corporate officer's potential liability is still unknown, many company chiefs may only face damage to their reputations, not their bank accounts.

Even if civil lawsuits are successful against top executives, it's historically unusual for business titans be forced to pay out of pocket. Companies can and routinely do indemnify their directors and officers, and pay for directors' and officers' liability insurance.

D&O insurance is...
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