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
Delaware District Court Holds D&O Policy Does Not Cover Acts Prior to Insured's Formation, and Rejects Attempt to Obtain Coverage for Post-policy Claim by Linking It to a Non-covered Claim | White and Williams LLP
In a decision addressing several coverage issues under a directors and officers liability policy, a Delaware federal court held that coverage did not extend to claims based on acts...
Source: jdsupra.com
Delaware Superior Court Reaffirms That Appraisal Action Is Not A Claim For A Wrongful Act Under D&O Policy | Wiley Rein LLP
The Delaware Superior Court has held that an insurer is not obligated to reimburse or advance an insured’s attorneys’ fees and costs incurred in defense of an appraisal action because...
Source: jdsupra.com
Outside Entity Exclusion Precludes Duty to Defend Claim for Misappropriation of Confidential Information | Wiley Rein LLP
The United States District Court for the Northern District of California, applying California law, has held that an outside entity exclusion precluded a professional liability insurer’s...
Source: jdsupra.com