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I am referring to lawsuits that involve the Board of Directors, higher-ups, etc.

2007-01-22 04:10:48 · 1 answers · asked by Mr. Hoke 1 in Business & Finance Investing

1 answers

Nearly all. Most lawsuits involving Board of Directors and corporate officers are usually settled out of court. Most, if not all, public companies buy a special kind of insurance called Directors and Officers Liability Insurance (or simply D&O), which pays for those settlements.

2007-01-22 04:46:50 · answer #1 · answered by NC 7 · 0 0

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