Publication Date: 2020-11-11
Practice Area: Insurance Law
Industry: Insurance | Software
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: John L. Reed, Matthew Denn, Peter H. Kyle, Kelly L. Freund, DLA Piper LLP, Wilmington, DE; Gregory F. Fischer, Cozen O’Connor, Wilmington, DE; Angelo G. Savino, Cozen O’Connor, New York, NY; Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Scott B. Schrieber, James W. Thomas, Jr, William C. Purdue, Jennifer Wieboldt, Arnold & Porter Kay Scholer LLP , Washington, DC; R. Reeves Anderson, Arnold & Porter Kay Scholer LLP, Denver, CO for appellants.
for defendant: David J. Baldwin, Berger Harris LLP, Wilmington, DE; Peter M. Gillon, Alexander D. Hardiman, Tamara D. Bruno, Pillsbury Winthrop Shaw Pittman LLP, Washington, DC for appellee.
Case Number: D69186
A statutory appraisal action under 8 Del. C. §262 did not constitute a securities claim, so excess insurers were entitled to summary judgment. Reversed.