Not really, insurance is available for all good companies. If you are trying to attract a noble director with this fact, he will ask his lawyers for comment, and they will say that one interpretation is that the company will be caught in illegal actions that will nullify the insurance coverage, and that is why it is needed, and the noble will walk away. Apparently a number of people(funds, as part of DD) assessed BRE-X as a loser, but it was not publicised, and so we never heard of it.
Walsh/Felder hoff are the ones who would know the real reason, and they will no doubt say a goodspeak, like there is a lot of gold in Busang, we are all honets men, motherhood is good.
IMO they were put there for the time when the SHTF, and it would chill lawsuits and not be available for judgements against the company or directors, but just to oppose lawyers.
Bill |
