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Plaintiffs of Directors & Officers Insurance

According to a 1996 survey by Watson Wyatt Company, there are six major sources of Directors & Officers lawsuits. Those plaintiffs, and the basis of the suits, are listed as follows:

           

1. D&O for Stockholders / Financial Institutions

    *Inadequate/inaccurate disclosure

    *Dishonesty/fraud

    *Financial reporting

    *Disappointing financial performance

    *Fiduciary duty/gross negligence

    *Stock or other public offerings

    *Bid or threat by another company for takeover

             

           

2. D&O for Employees

    *Wrongful Termination (this is the single most frequent claim!)

    *Harassment

    *Defamation

    *Breach of Employment Contract

         

             

3. D&O for Customers/Clients

    *Dishonesty/Fraud

               

         

4. D&O for Competitors

             

5. Other Third Party D&O

    *Environmental Public Activists

           

             

6. Government Agencies D&O

    *EPA