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Expert Analysis

State Of D&O Indemnification Under NY Business Corp. Law

Law360, New York (January 22, 2015, 10:36 AM EST) -- Corporate officers and directors, as agents of the corporations, potentially face immense financial liabilities arising from their service to their corporation if they are sued.[1] Consistent with statutory authority, most corporations purchase directors and officers insurance policies to mitigate the situation, and many individuals would not serve absent such protection....

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