Replies to post #93464 on World Surveillance Group Inc (fka WSGI)

[justfrank]

Pending the Final resolution of this matter,

You're making assumptions based on what you have read. With that statement in the document it is senseless to extrapolate any further, than may rescind coverage. It says may not has rescinded coverage.

This thread began on your assumption of lack of coverage for the class action lawsuit. Which the facts don't back up.

GTEM was basically operating without insurance for that time period.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=24363932

but GTEM was covered.

In summary Admiral agrees to treat the SEC investigation as a Claim first made during the Admiral 2005-06 Policy in so far as it involves Related Wrongful Acts asserted in the Class
Action.

and we've been told

the Company's D&O insurance carrier will make a cash payment to the class of $2,300,000,