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Re: navycmdr post# 259724

Friday, 10/24/2014 7:58:27 PM

Friday, October 24, 2014 7:58:27 PM

Post# of 793328
Much if not all the money may have been paid by the Director Officer liability insurer. The defense of the lawsuit counts against the coverage so there is an incentive to use the coverage amount to settle rather than eat up coverage with attorney fees defending the suit.