Credit: Hound/Adobe Stock Nikola: Gridlock With Insurers Is Stalling Settlements With Shareholders
"Because settlements of derivative actions are not indemnifiable by the nominal company defendant in Delaware, this would defeat a key function of D&O insurance."
January 11, 2024 at 03:19 PM
3 minute read
Insurance Litigation
Electric and fuel-cell vehicle company Nikola has turned to a Delaware court with claims that its directors and officers (D&O) insurers are keeping settlement proposals from being made in the Court of Chancery, the District of Delaware and the District of Arizona.
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