Law360, New York (January 12, 2011, 2:26 PM ET) -- Directors and officers liability insurance is a core component of corporate insurance. As many as 95 percent of Fortune 500 companies maintain directors and officers liability insurance today. Furthermore, it has become a commonplace of the financial world that disappointed investors will charge corporations and their officers and directors with securities fraud whenever a company’s stock drops significantly in price.
The average securities class action settlement in 2009 was $12 million, and there have been 25 securities lawsuits that have settled for over $400 million. Defense...
D&O Insurance, An Overview: Part 1
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