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Proliferation of M&A Litigation Lining Lawyers’ Pockets

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When Anthony Galban speaks, people listen. Mr. Galban is senior VP and global D&O product manager at Chubb & Son -- and he's one of the top experts in the country for directors' and officers' liability coverage. He sat down with Insurance Journal at the recent Professional Liability Underwriting Society meeting. He had harsh words to say about the rising number of mergers and acquisitions litigation. He said most of these lawsuits don't have any merit -- and they end up lining lawyers' pockets.

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