Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Sunday, April 1, 2012

Klausner & Hegland on D&O Insurance Payments

How Protective is D&O Insurance in Securities Class Actions?, by Michael Klausner, Stanford Law School, and Jason Hegland was recently posted on SSRN.  Here is the 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.

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