Mealey's Bankruptcy - Delaware Supreme Court Rejects Suit Arising From Washington Mutual Bankruptcy

Mealey's Bankruptcy - Delaware Supreme Court Rejects Suit Arising From Washington Mutual Bankruptcy

WILMINGTON, Del. - The Delaware Supreme Court on May 28 found that a suit the Washington Mutual Inc. (WMI) liquidating trust filed seeking coverage from directors and officers insurers is not yet ripe for adjudication and reversed a lower court's ruling (XL Specialty Insurance Co., et al. v. WMI Liquidating Trust, No. 499, 2013, Del. Sup.; 2014 Del. LEXIS 230).

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