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Central European Distribution Corp. Message Board

  • jeffbarker70 jeffbarker70 Dec 31, 2011 2:20 PM Flag

    Indemnification Agreement - A Simple Explanation

    It's actually really simple, guys:

    CEDC directors have multiple lawsuits against them for actions taken/not taken while representing CEDC.

    CEDC's latest Indemnification Agreement is purely restating and elaborating on CEDC's current Bi-Laws. In other words, CEDC is showing that it will still back any and all expenses related to CEDC lawsuits against it's directors.

    That's it - nothing new here.

    Happy New Year!