Delaware Judge Rules For Insureds In D&O Coverage Dispute Over Adversary Proceeding

Mealey's (January 26, 2023, 8:08 AM EST) -- NEW CASTLE, Del. — A Delaware judge held that directors and officers liability insurers must provide coverage for an underlying adversary proceeding alleging that the insureds and more than 50 other individuals and entities caused billions of dollars to be siphoned out of Sears, finding that the insureds have “sufficiently demonstrated a claim for coverage of the Adversary Proceeding as a Securities Claim” under the policies....

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