Joseph M. McLaughlin, a partner at Simpson, Thacher & Bartlett, reviews two recent decisions which affirm that "limited severability" provisions in a D&O policy afford perilously inadequate protection against rescission for those who did not engage in any misconduct but serve with a policy signer who did, and another decision in the Enron litigation which addressed competing demands for coverage of defense costs and settlements from limited primary and excess policy proceeds.
October 13, 2005 at 12:00 AM
1 minute read
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