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March 20, 2020

The Possible Impact of COVID-19 on D&O Claims

While prior outbreaks such as the SARS, MERS and Ebola outbreakscaused no D&O claims, COVID-19 continues to be different according to a report in D&O Diary. On March 12, the first shareholder-led securities class action lawsuit related to COVID-19 was filed. The suit against Norwegian Cruise Line Holdings, Ltd. alleges that the company employed misleading sales tactics related to the outbreak. 

While the complaint has only just been filed, there likely will be more D&O lawsuits pertaining to COVID-19. 

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