Andrews Corporate Officers and Directors Liability Litigation Reporter
February 12, 2001
Copyright (c) 2001 Andrews Publications
D&O INSURER CORRECTLY DENIED COVERAGE FOR UNAUTHORIZED STOCK BUYBACK
Cincinnati Ins. Co. v. Irwin Co.
An Ohio appeals court has ruled that even in a closely held corporation, there is a clear line between the actions an officer or director takes in a corporate capacity and those which are mainly personal. The court said officers and directors of...