VirTra Inc (VTSI)

[ztect]

fyi......................

Directors and Officers Liability Insurance (often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as directors and officers for the organization. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously. It has become closely associated with broader management liability insurance, which covers liabilities of the corporation as well as the personal liabilities for the directors and officers of the corporation.[1]

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


So in other words your counterpoint about indemnification is besides the point, and I stand by my original statement that no attorney will take on a class action on a contingency if the company's officers don't have D & O insurance since that insurance insures that the company can cover any financial judgment won via the class action