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WEARING NEW SOX: THE NEW ERA OF D&O COVERAGE AS INSUREDS DEAL WITH CORPORATE SCANDALS AND SARBANES-OXLEY By: Mary Craig Calkins Howrey Simon Arnold & White, LLP INTRODUCTION AND SUMMARY Directors and officers liability (“D&O”) insurers and insureds alike are reacting to the heightened scrutiny flowing from recent corporate malfeasance scandals. Plummeting stock prices, restated financials, corporate bankruptcies, and violations of the Sarbanes-Oxley Act of 2002 are spawning new securities class...

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