This excerpt taken from the COWN 8-K filed Jun 5, 2009.
(c) The Owned Ramius IP and, to the knowledge of Ramius, Licensed Ramius IP, are valid, subsisting and enforceable.
(d) Neither Ramius nor any of its Subsidiaries nor any Fund has infringed, misappropriated or otherwise violated any Intellectual Property of any third party.
(e) No Owned Ramius IP or Licensed Ramius IP is being used or enforced in a manner that would result in the abandonment, cancellation or unenforceability of such Intellectual Property. To the knowledge of Ramius, no third party has infringed, misappropriated or otherwise violated any Owned Ramius IP.
5.15 Insurance. Ramius and its Subsidiaries maintain (or Ramius maintains on behalf of its Subsidiaries) such workers compensation, comprehensive property and casualty, liability, errors and omissions, directors and officers, fidelity and other insurance sufficient to operate their business as currently conducted as they may be required to maintain under applicable law. Ramius and its Subsidiaries have complied in all material respects with the terms and provisions of such policies and bonds.