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Who Pays for Securities Actions? Directors? Insurers?

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Michael Klausner, professor of Business and Law at Stanford Law School, has collected data on securities actions, including how many actually are dismissed and how many are settled Also, if there is a settlement, who pays it? In this interview with Insurance Journal's Andy Simpson at this year's Professional Liability Underwriting Society's (PLUS) D&O conference, Klausner answers these questions.

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