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How Protective is D&O Insurance in Securities Class Actions?Michael KlausnerStanford Law School Jason HeglandStanford Law School February 28, 2010 PLUS Journal, Vol. 23, No. 2, February 2010 Stanford Law and Economics Olin Working Paper No. 425 Abstract: This article provides basic descriptive statistics on actual payments by D&O insurers for amounts paid in settling securities class actions. Insurers cover 100% of settlements in over 50% of cases and something less than 100% in another 35% of cases. Officers and (rarely) directors pay in 6% of cases.
Number of Pages in PDF File: 4 Keywords: Director and Officer Liability Insurance, Director and Officer Liability, Securities, Securities Class Actions, Shareholder Litigation, Settlement JEL Classification: G30, G38, G39, K22 Accepted Paper SeriesDate posted: March 29, 2012 ; Last revised: April 26, 2012Suggested Citation |
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