Insurance Funding for Historic Shareholder Derivative Claim Settlement

We recovered without litigation $75 million in directors and officers insurance proceeds to fully fund one of the largest shareholder derivative claims in U.S. history.  Gilbert successfully obtained this recovery despite vehement insurer opposition to the underlying derivative settlement based on their contentions that they had no coverage obligations, because the alleged settlement was unreasonable, negotiated without their consent, and not covered under the terms of their policies.