[ SHOWGSD-L ] Re: Fw: Afraid - Not Afraid
- From: Pinehillgsds@xxxxxxx
- To: marhaven@xxxxxxxxxxxxxx, showgsd-l@xxxxxxxxxxxxx
- Date: Fri, 26 Oct 2007 08:48:38 EDT
In a message dated 10/25/2007 11:20:34 P.M. Eastern Daylight Time,
marhaven@xxxxxxxxxxxxxx writes:
Margy IS a lawyer. Her husband IS a Lawyer. Her son is a Lawyer. I
really doubt that
Margy Golant would file a lawsuit and face her own peers and a judge if she
were at all
concerned about getting the case thrown out as a frivolous law suit
...........or losing.
I am afraid I think there obviously is probable cause for Margy to take this
step and
I am afraid I don't think there is any chance in ANY that she will lose!!
These charges were specifically against the named Board members and should
have stayed
that way.........but I am afraid on Sunday morning when this Board voted to
indemnify the
defendants it became a Club problem as it basically means now the GSDCA Inc.
resources
will be used to pay for, or to reimburse those individuals for litigation.
Our Insurance carrier will not be happy.......
Carolyn _marhaven@xxxxxxxxxxxxxxx (mailto:marhaven@xxxxxxxxxxxxxx)
The board can stand on their collective heads, they can decide to pay any
settlement out of GSDCA coffers, but what they CAN'T do is bind the D & O
insurance carrier to cover those executive members who didn't follow the bylaws
and are now named in a suit.
Go ahead, anybody, don't take my word for it, google D & O insurance, pull
up sample policies, READ the exclusions...it isn't rocket science.
Yeah, yeah I know, a copy of the suit was forwarded and there was a phone
call to the insurance company on Monday, FOLLOWING the meeting where a vote was
taken to indemnify the named parties....when was the last time any of you got
a verbal confirmation promising to pay an insurance claim that hasn't even
been filed yet?
I'm thinking never.
BY THE WAY, IF THERE'S ONE THING THE NEW BOARD SHOULD HAVE LEARNED OVER THE
LAST YEAR IT'S NOT TO VOTE WITHOUT INFORMATION, YET THE VOTE WAS TAKEN SUNDAY
AND OPPPPSSSSS!...A PHONE CALL TO THE INSURANCE CARRIER WAS PLACED MONDAY.
Should prove interesting...
Kathy, member GSDCA, DVGSDC
Celebrating generations of Dual Titled TC'd Champions
visit www.geocities.com/pinehillgsds
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