security holder exclusion
The security holder exclusion is an exclusion in directors and officers liability policy forms for claims brought by stockholders of the organization with the assistance, or on the urging, of any director or officer.
security holder exclusion
The security holder exclusion is an exclusion in directors and officers liability policy forms for claims brought by stockholders of the organization with the assistance, or on the urging, of any director or officer.
Additional Information
The intent of the exclusion is to prevent so-called infighting claims in which a director/officer sues another director/officer by using a security holder in the organization as a "front."
