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« on: December 27, 2011, 09:28:35 PM »
Couple of points - we have had "advertising injury" coverage cover lawsuits for clients but the companies have always chosen to use their in house or standard counsel even though these claims are very different than the usual ad injury claims (exaggeration, painting a competitor in a false light, for eg). I have tried to get them to retain my firm at their expense trying to explain that I will save them money and get a lower settlement position than anyone else but to no avail. Secondly - DO NOT dissolve a corporation especially an S corp while a claim is pending, that can often lead to piercing the corporate veil and personal liability. Just leave the corporation open and active, but don't have it own any assets. You can make it broke, but not dissolved.