( August 10, 2026, 11:11 AM EDT) -- WILMINGTON, Del. — A Delaware judge granted primary and excess management liability insurers’ motion for summary judgment in an insured’s breach of contract and bad faith lawsuit seeking coverage for the $27,125,000 settlement of an underlying shareholder action asserting that the insured’s co-founder and CEO pursued private equity for personal reasons and displayed conduct that lowered the company’s sale price before an acquisition, holding that the policies’ bump-up exclusion bars coverage because the underlying settlement represented an effective increase in consideration....