Delaware Judge Grants Insurers’ Motion To Dismiss D&O Coverage Dispute

(May 13, 2024, 11:46 AM EDT) -- WILMINGTON, Del. — A Delaware judge granted insurers’ motions to dismiss a company and its chief executive officers’ lawsuit seeking directors and officers liability coverage for an underlying lawsuit alleging that they undersold the value of investors’ shares in the company and its parent company, finding that the “No Action” clause and “prior notice” exclusion in various policies relieve the insurers of their coverage obligations....