How Protective is D&O Insurance in Securities Class Actions?
PLUS Journal, Vol. 23, No. 2, February 2010
4 Pages Posted: 29 Mar 2012 Last revised: 26 Apr 2012
Date Written: February 28, 2010
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.
Keywords: Director and Officer Liability Insurance, Director and Officer Liability, Securities, Securities Class Actions, Shareholder Litigation, Settlement
JEL Classification: G30, G38, G39, K22
Suggested Citation: Suggested Citation