Brad's correct you can't double dip for the same time period. Johnson Winter & Slattery has a completely new and different CA against Pitcher Partners for auditing and signing off SGH 2012 to 2015 accounts. You can sign up for both MB and JWS if you held SGH in both periods.
MB confirmed the D&O policy coverage was $40M. But is that for every renewal year? For example JWS claims are for 2012, 2013, 2014, and 2015 and auditors are looking for indemnity or liability sharing from SGH so in addition to the auditors professional insurance is there potentially $160M ($40M x 4 years) of SGH insurance? The interesting thing is virtually all SGH shareholders made money in 2012, 2013, and 2014 so what's the damages to SH then???
SGH Price at posting:
3.9¢ Sentiment: Sell Disclosure: Not Held
