Hey MJ,
I am not a lawyer, but I play one on TV. I doubt that you can be insured for a settlement as they are voluntarily settling. As in, they are offering the lawyers money to go away. I am not sure how you can be insured for something you voluntarily do. I think the cases where there is insurance coverage for companies facing class action, they usually compel the company to litigate in order to receive coverage. Clearly CPST knows they would have lost anyway, and hence they are giving away 20% of the company in the settlement. Wowza! Another great job by Darren who collects half a million or more a year to ride this turd down the toilet, like the Slim Pickens in Doctor Strangelove.