Washington Majority Affirms $8M Judgment Is Reasonable, Rejects D&O Insurer’s Appeal

(January 25, 2023, 1:56 PM EST) -- TACOMA, Wash. — A majority of a Washington appeals court on Jan. 24 held that a lower court did not abuse its discretion in finding that an $8 million stipulated judgment that can only be recoverable against a directors and officers liability insurer is reasonable, rejecting the insurer’s argument that the lower court violated its procedural due process rights by holding the reasonableness hearing....

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