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Home / Opinion Digests / Business Law / Insurance – D&O Policy – Shareholder Suit – Settlement – Kansas Law (access required)

Insurance – D&O Policy – Shareholder Suit – Settlement – Kansas Law (access required)

Sprint Nextel is entitled to $15 million in excess insurance coverage under a D&O policy issued by plaintiff Houston Casualty Company, for Sprint’s $57.5 million settlement of a class action suit filed by shareholders against Sprint directors and officers claiming they breached their fiduciary duties in setting a stock conversion ratio that greatly undervalued stock ...