Illinois Panel Affirms Judgment In Insurer’s Favor In D&O Coverage Dispute

(July 10, 2023, 2:25 PM EDT) -- OTTAWA, Ill. — An Illinois appeals panel on July 7 held that a lower court did not err in granting an insurer’s motion for judgment on the pleadings in its declaratory judgment lawsuit disputing directors and officers liability coverage for an underlying derivative breach of fiduciary duty lawsuit brought by residents of a homeowners association insured, finding that the doctrines of res judicata and collateral estoppel apply to bar coverage....

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