Directors and Officers Liability Insurance
Enron, Bear Stearns, Tyco Ltd, Parmalat, Earnest and Young. Just a few examples of recent infamous directors and officer liability cases
If I had to pick one of the numerous corporate implosions in the past decade it would have to be Enron. I remember sitting in traffic several years ago listening to the radio and hearing about Enron's stock crashing down to .50 cents. Despite the steep stock price drop analysts were still touting and clamoring on about how solid the company remained and recommended listeners buy now while the stock was artificially deflated. If it wasn't for my recent fall out with analyst over their misguides with Polaroid; an investment fiasco I still today keep at the top of my social talking point list, I would have gone home and scooped up a bunch of Enron stock that night. Lesson well learned, as about week later news broke that Enron had been 'cooking the books'; a term newly fabricated from the numerous recent discoveries of corporations hiding debt in order to inflate stock prices and balance sheets.