Most Execs Unconcerned About D&O Suits, Survey Finds
By Bibeka Shrestha
Law360, New York (June 18, 2012, 8:34 PM EDT) -- Most directors and officers at public companies are underestimating the risk they'll be sued, despite a high threat of shareholder actions over mergers and acquisitions and increasingly aggressive enforcement of the Foreign Corrupt Practices Act, according to a Chubb Specialty Insurance survey released Monday.
Chubb said 80 percent of public company executives and their directors surveyed in the U.S. and Canada said it was unlikely that they would be sued within the next year.
"This general lack of concern is disconcerting especially in light of the...