Executives at private firms involved in acquisition deals need just as much insurance coverage against possible litigation as management at public firms, experts counseled yesterday at a Web seminar.
Speakers at the event hosted by Chicago-based insurance broker Aon Corp. discussed this and other topics for executives to consider as they push forward with mergers and acquisitions.
Carl E. Metzger, a partner in the law firm Goodwin Procter, noted that in this increasingly litigious society, the need for a privately held business to protect its officers is just as important as it is for stock corporations.
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