The VC Expert's Buzz
Less is More - Why PE Firms Should Limit Indemnification Rights to Their Director-Representatives
by Laurie B. Smilan and Howard Sobel of Latham & Watkins LLP, 3/10/2010
With the increase in private securities, derivative and bankruptcy-related litigation against portfolio companies, private equity firms need to maximize the protections for the private equity firm, the funds they organize and the individuals who agree to serve as their representatives on portfolio company boards. Ironically, however, a private equity firm's effort to provide "more" protection to its director-representatives may be far more expensive than the firm expects or intends.
Sound off on this week's buzz in the Comments Section.
Read more in this week's buzz: Less is More - Why PE Firms Should Limit Indemnification Rights to Their Director-Representatives.
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