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Email As the economic collapse spawns a wave of complex white collar prosecutions, and as the volume of documents in such cases grows exponentially, an executive’s ability to defend himself or herself adequately requires substantial financial resources. In most cases, the right of officers and directors to indemnification and advancement of attorney’s fees is critical to their ability to avoid financial ruin while mounting a sufficient defense. https://www.cadwalader.com/resources/clients-friends-memos/the-stockman-decision-an-expansion-of-indemnification-and-advancement-rights-in-limited-partnerships