Mark D. Harris and Margaret A. Dale The Scope of 'Securities Claims' in D&O Insurance Policies
In their Corporate and Securities Litigation column, Margaret A. Dale and Mark D. Harris discuss a recent Delaware Supreme Court insurance-coverage ruling, which serves as a reminder of the importance of carefully reviewing and negotiating the definitions and provisions of policies before they become the subject of litigation.
February 26, 2020 at 12:30 PM
7 minute read
On Oct. 31, 2019, the Delaware Supreme Court decided an insurance-coverage dispute arising out of a lawsuit by a bankruptcy trustee against Verizon in connection with Verizon's divestiture of its "yellow pages" business. In re Verizon Ins. Coverage Appeals, No. 558, 2018, 2019 WL 5616263 (Del. Oct. 31, 2019). The central issue before the court was how to interpret and apply the term "securities claim" in a corporate insurance policy. The ruling serves as a reminder of the importance of carefully reviewing and negotiating the definitions and provisions of policies before they become the subject of litigation.
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