Publication Date: 2024-05-20
Practice Area: Insurance Law
Industry: Energy | Insurance
Court: Delaware Superior Court
Judge: Judge Rennie
Attorneys: For plaintiff: Brian M. Rostocki, Anne M. Steadman, Reed Smith LLP, Wilmington, DE; Carolyn H. Rosenberg, Reed Smith LLP, Chicago, IL; Stephen T. Raptis, Reed Smith LLP, Washington, DC for plaintiffs.
for defendant: David J. Soldo, Morris James LLP, Wilmington, DE; Michael D. Margulies, Charles W. Strotter, Carlton Fields, P.A., New York, NY; Jennifer C. Jauffret, Puja A. Upadhyay, Richards, Layton & Finger, P.A., Wilmington, DE; Courtney E. Scott, Tressler LLP, New York, NY; Robert J. Katzenstein, Julie M. O’Dell, Smith, Katzenstein & Jenkins LLP; Kevin M. Mattessich, Kevin Windels, Kaufman Dolowich Voluck, New York, NY; Bruce E. Jameson, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE, James T. Sandnes, Skarzynski Marick & Black LLP, New York, NY; Krista M. Reale, Margolis Edelstein, Wilmington DE; Michael F. Perlis, Kaufman Borgeest & Ryan LLP, Woodland Hills, CA; Patrick Stoltz, Kaufman Borgeest & Ryan LLP, Valhalla, NY; Shaun Michael Kelly, Jarrett W. Horowitz, Sara A. Barry, Connolly Gallagher LLP, Wilmington, DE; James K. Thurston, Wilson Elser, Chicago, IL; Daniel E. Tranen, Wilson Elser, St. Louis, MO; Erik J. Tomberg, Wilson Elsner, Raleigh, NC; Thaddeus J. Weaver, Dilworth Paxson LLP, Wilmington, DE; Michael J. Smith, Bryan W. Petrilla, Stewart Smith, West Conshohocken, PA; Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE for defendants.
Case Number: N23C-07-102
No action clause in D&O insurance policy was enforceable and precluded insured from filing legal action against the insurer until the insured's financial obligations were fixed in an underlying litigation.