Law360 (July 9, 2019, 4:15 PM EDT) -- In the private equity and venture capital space, portfolio companies operate with varying degrees of independence from their sponsors, but it is not uncommon for the sponsor to share directors and officers with its portfolio companies.
Separate and apart from the inherent risk of litigation facing portfolio company directors and officers, there is also the risk of insurance coverage disputes arising when the sponsor-appointed directors and officers are targeted in litigation. A portfolio company’s management liability policy will generally limit coverage for the company’s directors and officers to actions taken in their capacity as such.
Meanwhile, for wrongful acts allegedly committed...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!