Judge Orders Insurers To Advance Defense Costs For Securities, Derivative Actions

Mealey's (February 24, 2023, 4:31 PM EST) -- WILMINGTON, Del. — A Delaware judge held that directors and officers liability tail insurers are required to advance all defense costs to their insured for underlying securities and derivative actions, subject to their policies’ retentions and limits, granting the insured’s motion for partial summary judgment and denying the tail insurers’ motion to dismiss in part....