Page 2 - Wrongful Acts News Today

Will a new Delaware Supreme Court ruling regarding directors and officers liability insurance make it more difficult for your company to get future claims covered?

Delaware First Solar v. National Union First Insurance Co., coverage dispute insurance company denied coverage of a new securities lawsuit The insurance company asserted that the new claim was related to an earlier class action lawsuit and applied a related claims provision.

On March 16, 2022, in a unanimous decision the Delaware Supreme Court affirmed a Superior Court ruling that a securities class action and a later-filed opt out action were related...

On March 16, the Supreme Court of Delaware rejected the "fundamentally identical" standard for assessing related claims. Instead of applying a uniform test for relatedness, Delaware...

A New York federal court, applying New York law, has held that a series of lawsuits alleging multiple different instances of fraud constituted a single, related “claim” subject to a...

In a win for Wiley Rein’s client, the Delaware Supreme Court has affirmed the trial court’s decision that a securities class action and an opt-out case constitute related Claims, such...

In Options Clearing Corp. v. U.S. Specialty Insurance Co., the Delaware Superior Court addressed the scope of related or interrelated wrongful acts policy language in connection with...

The United States District Court for the Northern District of Ohio, applying Ohio law, has held that a D&O insurer had a duty to defend a wrongful death lawsuit against its insured...

Applying Nevada law, the United States District Court for the District of Nevada has concluded that a legal malpractice policy did not apply where the insured attorneys sought coverage...

To embed, copy and paste the code into your website or blog: This case arises from an insurance coverage dispute between an insured and multiple insurance providers in a policy tower for defense fees and settlement costs from two securities class action lawsuits. In the Complex Commercial Litigation Division of the Superior Court, the insurers argued that they were not obligated to reimburse losses arising from the two securities lawsuits because of, inter alia, an exclusion regarding the “r...