Judge Administratively Closes D&O Coverage Suit After Parties Announce Settlement

( July 1, 2026, 10:45 AM EDT) -- NEWARK, N.J. — One day after the parties announced that they have reached a settlement in principle, a federal judge in New Jersey administratively closed insureds’ breach of contract and declaratory judgment lawsuit seeking directors and officers liability coverage for an underlying action alleging they owe $435,378.93 under a credit card processing services agreement....