Delaware Judge Dismisses 1 D&O Insurer In Coverage Suit Over Viacom, CBS Merger

Mealey's (February 27, 2023, 11:54 AM EST) -- WILMINGTON, Del. — One day after Viacom Inc. filed a notice of voluntary partial dismissal indicating that one of its insurers paid its full limits under a directors and officers liability insurance policy, a Delaware judge dismissed that insurer with prejudice from a coverage dispute arising from underlying claims that directors, officers and controlling shareholders breached their fiduciary duties in connection with a 2019 merger of Viacom and CBS Corp....