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The Delaware Supreme Court unanimously affirmed a trial court
judgment requiring a directors and officers (D&O) excess
insurer to pay a claim for losses predicated on fraudulent conduct
of the director and CEO of a corporation, holding that such losses
are insurable under Delaware law and coverage is not barred by
Delaware public policy.
The Court also held that Delaware law applied to the insurance
policy in the case, stating that a choice of law analysis for a
D&O policy will most often reveal that a corporation s
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In a much-watched case, the Delaware Supreme Court has held that Delaware law governs a dispute regarding insurance coverage for a federal securities class action under D&O policies issued in California to a California company, where the company was incorporated in Delaware.
RSUI Indemnity Company v. Murdock, 2021 WL 803867 (Del. March 4, 2021). The Court also held that a breach of the duty of loyalty based on fraudulent conduct is insurable under Delaware law and the policies’ profit/fraud exclusion did not apply.
David Murdock, Dole Food Company’s CEO, took Dole private in 2013. After the transaction closed, Dole stockholders filed lawsuits in Delaware Chancery Court alleging a breach of fiduciary duty against Murdock and the company’s COO, Michael Carter, based on alleged manipulation of the company’s stock to an artificially low price. The suit was consolidated with another suit brought by stockholders seeki
How to shop around for homeowner’s insurance
Debbie Strauss, Special Projects Producer
Updated:
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Some people are now actively researching and doing homework about home insurance and possibly switching carriers.
Before you switch, some insurance companies plan to raise rates over the next couple of months.
If you’re looking to make a change, how do you decide between all the companies?
Cost
A big factor is the cost.
KPRC2 Investigates got the data from the Texas Department of Insurance (TDI) about which companies are getting ready to raise their rates in March 2021 for new policies. These numbers are for the average across Texas.
Erie Indemnity Reports Full Year and Fourth Quarter 2020 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Eletson Holdings Inc. : Complaint Against Eletson Corporation, Eletson Holdings Inc., Eletson Chartering Inc., Argironissos M/T (filing Fee $ 402 Receipt Number Blaedc-8732927) Filed By Haosheng International Ship Lease Co., Ltd. (attachments: # 1 Exhibit A, # 2 Exhibit B, # 3 Exhibit C, # 4 Verification, # 5 Civil Cover Sheet) Attorney Michael J. Wray Added To Party Haosheng International Ship Lease Co., Ltd.(pty:pla).(wray, Michael)
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By signing up you agree to receive email newsletters or alerts from Louisiana Record. You can unsubscribe at any time. Protected by Google ReCAPTCHA. filed In Error Request Of Summons Issued As To M/t Argironissos, In Rem Filed By Haosheng International Ship Lease Co., Ltd. Re 1 Complaint. (wray, Michael) Modified Text On 2/12/2021 (mm).