SEC v. Faulkner
In action by the Securities and Exchange Commission against oil and gas companies and principals for defrauding investors, which resulted in freeze of defendants' assets including a directors and officers' liability policy, individual defendants moved for and were granted relief from freeze to allow advancement of defense costs to defendants qualifying as insured persons under the policy.
directors and officers liability policy, insured persons, defense costs, advancement of defense costs, securities and exchange commission
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