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Title: Independent Directors Require Additional Protection in Financial Crisis Litigation 
Author: Global Financial Restructuring Team 
Contact Information: Barrie Brejcha, Charles Dick, Ronald Ohren, Gary Seib, Elizabeth Yingling 
Publication Date: December  2008  
Publication Type: Newsletter/Alert 
Practice/Industry: Bankruptcy/Financial Restructuring; Financial Restructuring; Dispute Resolution
Region: Asia Pacific; Europe, Middle East & Central Asia; Latin America; North America
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Description: The recent spate of financial crisis-related litigation, on the heels of a variety of high exposure shareholder class actions charging management misconduct, confirm that independent directors may require protection beyond standard directors & officers (D&O) liability insurance coverage. Settlements by the outside directors of WorldCom and Enron—among others in the wave of corporate scandals—highlight the fact that directors now face unprecedented danger and may be uninsured for a claim, or at least underinsured in light of the other amounts that substantially erode policy limits. 
Price and Currency: Complimentary
Publication/Link: Independent Directors Require Additional Protection in Financial Crisis Litigation Client Alert December 2008
 

 
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