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

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