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Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation

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Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation - Baker, Tom, and Griffith, Sean J.
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Shareholder litigation and class action suits play a key role in protecting investors and regulating big businesses. But Directors and Officers liability insurance shields corporations and their managers from the financial consequences of many illegal acts, as evidenced by the recent Enron scandal and many of last year's corporate financial meltdowns. "Ensuring Corporate Misconduct" demonstrates for the first time how corporations use insurance to avoid responsibility for corporate misconduct, dangerously undermining the ...

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Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation 2011, University of Chicago Press

ISBN-13: 9780226035154

Hardcover