Delaware Federal Court: No Coverage Under D&O Policy For Claims Based On Acts Alleged To Have Occurred Prior To Insured Entity's Formation - Directors and Officers
The insured corporation was formed through a reverse merger.
Source: mondaq.com
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Delaware Federal Court: No Coverage Under D&O Policy For Claims Based On Acts Alleged To Have Occurred Prior To Insured Entity's Formation | Wiley Rein LLP
Applying Delaware Law, the United States District Court for the District of Delaware has held that there is no coverage for acts undertaken by an insured’s directors and officers that...
Source: jdsupra.com
Guess' Paul Marciano problem is shining a spotlight on boards
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