Exobox Technologies Corp (EXBX)

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TheLaserGuy,

Thank you AskMr.Owl for the link and I agree it is well written the part I was referring to is this:

http://en.wikipedia.org/wiki/Directors_and_officers_liability_insurance

"A common misperception of D&O insurance is that it makes directors or officers able to engage in acts they know to be wrong; this is not the case. Intentional illegal acts or any illegal gains/profits obtained by directors/officers are not covered under most D&O insurance policies; coverage would only extend to "wrongful acts" as defined under the policy, which may include certain acts, omissions, mistatements while acting as a director/officer of the organization. Exclusionary language, however, would not provide coverage for fraud, illegal profits/gains, or intentional/wanton illegal conduct by such director/officer".

Take care
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