How Protective is D&O Insurance in Securities Class Actions? An Update

Details

Author(s):
Publish Date:
April 1, 2013
Publication Title:
26(5) PLUS Journal 1
Format:
Journal Article
Citation(s):
  • Michael Klausner, Jason Hegland & Matthew Goforth, How Protective is D&O Insurance in Securities Class Actions? An Update, 26(5) PLUS Journal 1 (May 2013).
Related Organization(s):

Abstract

This Article examines who pays when a company settles, and finds that D&O insurance is quite protective and that individual officers rarely contribute to settlements, even in cases in which the SEC has imposed a serious penalty on the same individuals for the same misconduct.