D+O policies always have limits - always have and always will.
The class actions will only benefit class members - ie. those who qualify by holding shares at relevant times and who do not 'opt out'. The end verdict or settlement will almost always be shared rateably in proportion to shareholding. The complicating thing here is that there look like being 2 class actions - but that does not change the basic principle that the verdict or settlement is available to the class members and will almost always be agreed to be shared in proportion to each shareholders' shareholding (net of funding costs and lawyers fees).
GSW Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
