Exact(3)
Mr. Biondi then filed a lawsuit against Beekman Hill House seeking indemnification, a form of reimbursement, for that amount.
Mark Geistfeld, a law professor at New York University, said indemnification, a form of insurance, has its limits.
We also needed to find a partner who could handle not just the coding and delivery to the platforms that decided to sign up, but also royalty payments, indemnification, a lot of areas our institute doesn't intend to go into".
Similar(57)
This is a fairly standard provision, though in bankruptcy Bear's officers and directors would only have a claim for indemnification as a creditor of the company – so it is a nice boon to them.
RadioShack also faced protest from a separate lender group demanding indemnification from a $129 million lawsuit against it related to RadioShack's bankruptcy.
"Indemnification is a big part of everything we do.
Ms. Scardino also executed the Company's standard form of indemnification agreement, a copy of which has been filed as Exhibit 10.1 to the Company's Registration Statement on Form S-1 (File No. 333-191552) filed with the Securities and Exchange Commission on October 3, 2013.
"Unless there is a comfort level on the merits of the litigation with a meaningful indemnification, any prospective buyer and lender would have to think long and hard about moving forward with this purchase".
(Red Hat, meanwhile, this week sued SCO for trash-talking its Linux product. See Red Hatt's Mad Matt Vs. Humongous SCO Lawsuit").. Linux's lack of indemnification is an exception to standard industry practice.
That indemnification was an important sideshow in the negotiations.
If private companies are willing to take a new look at indemnification and take a harder line with their executives, perhaps public companies should, too.
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