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Twin City Tells 5th Circ. Excess Director Pay Not Covered

By Ryan Boysen ( September 25, 2017, 5:16 PM EDT) -- Twin City Fire Insurance Co. hit back Friday against Oceaneering International Co.'s bid to overturn a district court ruling that freed the insurer from covering a settlement over excessive directors' fees, telling the Fifth Circuit it's "black-letter law" that disgorgement payments aren't insurable....

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