Securities law is becoming an enormous catchall. It's no longer just accounting issues that bosses have to worry about. It's cybersecurity breaches, data privacy lapses, environmental calamities and sexual impropriety too. (Credit: Rawpixel.com/Shutterstock.com) Securities law is becoming an enormous catchall. It's no longer just accounting issues that bosses have to worry about. It's cybersecurity breaches, data privacy lapses, environmental calamities and sexual impropriety too. (Credit: Rawpixel.com/Shutterstock.com)

(Bloomberg Opinion) — Elon Musk was on to something when he complained that the cost of insurance to protect company directors and officers (D&O) from shareholder litigation has gotten out of control. The impulsive Tesla Inc. boss may be an unlikely spokesperson for the unfairness of these spiraling fees, but they reveal something about this age of corporate misadventure and trigger-happy lawyers. It's bad for shareholders, companies and insurers alike.

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