They want the D&O insurance payout, that’s why it’s there after all. That won’t hurt the shareholders in a meaningful way. As everyone has noted there is no money left in GSW, it’s literally all gone. GSW would already be paying eye bleed D&O rates given it’s many forest fires being fought in court so having the old D&O policy pay out isn’t that big a deal for shareholders (financially speaking - obviously having management confirmed as dodgy by losing the case would be a negative for shareholders in longer term)
GSW Price at posting:
30.5¢ Sentiment: None Disclosure: Not Held
