Insurers that provided directors’ and officers’ (D&O) liability coverage to Ponzi schemer Allen Stanford's investment firms will need to reach new a new deal with victims of the fraud after a US appeals court threw out a $65mn settlement.
Insurers that provided directors’ and officers’ (D&O) liability coverage to Ponzi schemer Allen Stanford's investment firms will need to reach new a new deal with victims of the fraud after a US appeals court threw out a $65mn settlement.