Delaware High Court Remands No-Action Issue In D&O Coverage Dispute

( July 25, 2025, 12:11 PM EDT) -- WILMINGTON, Del. — The Delaware Supreme Court affirmed a lower court’s grant of insurers’ motions to dismiss a company and its CEOs’ lawsuit seeking directors and officers liability coverage under 2023 policies for an underlying lawsuit alleging that they undersold the value of investors’ shares in the company and its parent company but remanded for further consideration of issues related to the “No Action” clause under the 2021 insurance policies....