A D&O insurer’s denial of coverage for a claim against corporate officials can leave the individuals in a very difficult position, as illustrated by a recent high-profile case in the U.K. According to an August 4, 2013 Financial Times article...
A recurring D&O insurance coverage issue is the
question of whether or not the D&O insurance policy provides coverage for a
plaintiffs' fee award. The question often arises in the context of a settlement
of a shareholders' derivative...
In an interesting April 7, 2014 opinion ( here ), Magistrate Judge Stanley A. Boone of the Eastern District of California, applying California law, held that a D&O insurance policy’s insured vs. insured exclusion precludes coverage for claims...
On June 4, 2013, the Second Circuit, in an insurance
coverage action involving the defunct Commodore International computer company,
affirmed that excess D&O insurance is not triggered even if losses exceed the
amount of the underlying insurance...
In a case that has important implications for the potential liabilities of individual directors and officers, on October 28, 2013 twelve former directors and officers of bankrupt Northstar Aerospace agreed to pay a total of $CAN 4.75 million to the Ontario...