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Court ends defense costs coverage for Allen Stanford under D&O policies prior to a final adjudication of civil and criminal liability
  • Jenner & Block LLP
  • USA
  • December 12 2010

Upon remand after a decision by the U.S. Court of Appeals for the Fifth Circuit the United States District Court for the Southern District of Texas recently issued a decision ending directors and officers liability (“D&O”) insurance coverage for R. Allen Stanford and other Stanford Financial executives prior to a final adjudication of such executives’ criminal and civil liability.