02-19-2019, 10:04 AM
"Isn't this going to cost the association a lot of money?"
I don't know the details of HPP business but the way it SHOULD work out is that the Director should be covered by D&O insurance. It would likely have a rather large deductible but that should be the extent of the financial cost to the association. As plaintiff the GM would be financing that side personally with little chance of recovering anything without a victory or at least a solid, indisputable case. Money to burn?
I don't know the details of HPP business but the way it SHOULD work out is that the Director should be covered by D&O insurance. It would likely have a rather large deductible but that should be the extent of the financial cost to the association. As plaintiff the GM would be financing that side personally with little chance of recovering anything without a victory or at least a solid, indisputable case. Money to burn?