3rd Circuit Vacates Order In D&O Insurer’s Favor In SEC Coverage Dispute

Mealey's (March 30, 2023, 3:40 PM EDT) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals on March 29 vacated a lower federal court’s finding that a directors and officers liability insurer has no duty to pay its insured’s defense costs arising from an underlying investigation by the Securities and Exchange Commission, finding that there is a genuine issue of material fact as to whether the SEC was investigating the insured’s wrongful acts....

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