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D&O Insurance: Will It Be Available After a Chapter 11 Filing? ( November 2004 )
Directors and officers have become common targets for litigation. Class actions are everywhere. The recently enacted Sarbanes-Oxley Act emphasizes the role of directors as gatekeepers and their responsibility to ensure good accounting practices and compliance with SEC regulations. Bankruptcy trustees and creditors committees see directors and officers as deep pockets who may increase the recovery for creditors.
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