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Trilateral Endorsement Bridges D&O Tail-Coverage Gaps For M&A Deals
By Susanne SclafaneThe details of the fine print of a merger agreement—or a D&O liability insurance policy—can be daunting. But when Southwest Airlines closed its $1 billion-plus deal to buy AirTran two weeks ago, it did so knowing that language of a tail-coverage endorsement it bought for AirTran’s directors and officers would...
