Robinson Cole LLP
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July 16, 2026 - Article

When D&O Advancement Becomes a Blank Check

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In the article, John examines the potential pitfalls of broadly drafted D&O advancement provisions; analyzes how mandatory advancement obligations can require companies to fund significant legal defense costs, even when those costs are disputed; offers historical insight into the many changes that have impacted D&O advancement indemnification; and how a recent high-profile dispute involving former JPMorgan executives illustrates the issues at hand.