Although the law has further built-in protections as exemplified in the business judgment rule, directors must be mindful of their oversight responsibilities and the liability that can attach when shirking those duties.
The conventional wisdom in both the insurance world and the intellectual property world is that there is no coverage for patent infringement liability.
Directors and Officers (D&O) insurance offers vital protection to a company and to its directors and officers against financial claims and liabilities. D&O insurance is unlike other liability insurance in several important respects. First, it generally provides coverage for both the company and its officers and directors, despite the fact...