Judge Rules In Favor Of D&O Insurer In Dispute Over $7.5M Fraudulent Wire Transfer

( December 10, 2025, 1:28 PM EST) -- GREENBELT, Md. — A federal judge in Maryland granted summary judgment in favor of a directors and officers liability insurer in a nonprofit insured’s breach of contract and declaratory judgment lawsuit seeking coverage for $7.5 million in wire transfers that were coerced by fraud, ruling that there was no extended reporting period active when the insured submitted the claim....