#I am assuming
I imagine that if the insurance company had to pay out based upon wrongdoing by
the officers, they would then pursue those officers – I am assuming this is in
the form of an bond, that Gould and Ali are bonded versus insured. A full
financial disclosure which went back far enough could prove embarassing. When
you go to the measures that Commodore has to obfuscate your corporate
structure, you are generally trying to become judgement-proof and the hopes of
creditors recovering any substantial portion of what is owed are just hopes.
Given a complex corporate structure could insulate the officers from civil
action, is it possible that they fear something else?