( September 23, 2026, 8:27 AM EDT) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals affirmed a lower federal court’s grant of summary judgment in favor of an insurer in a breach of contract and bad faith lawsuit seeking directors and officers liability coverage for an underlying shareholder derivative action, agreeing with the lower court that the policy’s Ownership Percentage Exclusion (OPE) unambiguously bars coverage....