SP1 0.00% $1.07 southern cross payments ltd

Ann: Updated Statement of Claim ISX vs ASX, page-132

  1. 46,491 Posts.
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    "ASX haven't announced this to the market as they're insured".... ....... but does the insurance cover executives making ill-considered decisions.

    one might say that Kevin Lewis had a predetermination to bump ISX even when there was no clear evidence to support their "suspicions".

    Should the company's insurance pay out on a dumb decision by an employee?

    Was/Is KL so insured for professional liability that covers errors of judgement?

    I don't know the answers and I'm really just guessing, but I'm damned sure that any insurance co. would be anxious for a settlement to reduce cost.
 
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