Posted AT 6:19 PM EST on 05/08/08
U.S. case a 'wake-up call'
These days, anyone who sits on the board of a publicly traded corporation is well aware of the risk of being pulled into litigation against the company. It's not generally a problem because corporations have bylaws that indemnify directors against the cost of defending themselves – even after they step down from the board. They need that assurance because lawsuits can surface years later.
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