How Protective Is D&O Insurance in Securities Class Actions? An Update

Michael Klausner is the Nancy and Charles Munger Professor of Business and Professor of Law at Stanford Law School. He can be reached at klausner@ stanford.edu. Jason Hegland is a Fellow and a Director of Securities Litigation Analytics at Stanford Law School. He can be reached at jhegland@ law.stanford.edu. Matthew Goforth is a Research Fellow at Stanford Law School. He can be reached at mgoforth@law. stanford.edu. As part of its educational mission, the PLUS Foundation supports research important to professional liability at top insurance universities across the country. This article is a product of that funding.