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September 19, 2023 | Insurance Coverage Law Center

Recent Developments In D&O Claims

This article summarizes many of the more important recent legal developments involving D&O claims. During these uncertain times, it is especially important for those who advise and insure directors and officers to carefully monitor and react to these and other developments.
35 minute read
February 26, 2021 | Insurance Coverage Law Center

Superior Court: Verizon Can Recoup $24M in Defense Costs From Insurer

Superior Court Judge Eric M. Davis applied a broader definition of the insurance contract term "securities claim" that required coverage in a case over a challenge to a corporate spinoff and merger that was funded by debt instruments.
4 minute read
February 26, 2021 | Delaware Business Court Insider

Superior Court: Insurance Definition Covers Verizon's $24M in Defense Costs

Superior Court Judge Eric M. Davis applied a broader definition of the insurance contract term "securities claim" that required coverage in a case over a challenge to a corporate spinoff and merger that was funded by debt instruments.
4 minute read
December 03, 2019 | The American Lawyer

Sidley Austin Vows to Fight Claims It Aided $1.3B Ponzi Scheme

"We believe the claims asserted against the firm and Mr. Sullivan are without merit, and we intend to defend the case vigorously," a spokesman for Sidley said.
4 minute read
December 03, 2019 | Daily Business Review

Sidley Austin Fighting Claims the Firm Helped $1.3B Woodbridge Ponzi Scheme

Attorneys for receiver Michael Goldberg, an Akerman partner in Fort Lauderdale, claim several firms helped extend the life of the real estate investment fraud at Woodbridge, which was founded in Boca Raton.
4 minute read
December 03, 2019 | Litigation Daily

Sidley Vows to Fight Claims It Aided $1.3B Ponzi Scheme

"We believe the claims asserted against the firm and Mr. Sullivan are without merit, and we intend to defend the case vigorously," a spokesman for Sidley said.
3 minute read
November 13, 2019 | Insurance Coverage Law Center

Insurer Gains Access to Insured's Confidential Settlement Agreement with Third Party

An Ohio court has ruled that an insurer may access a settlement agreement between its insured and a third party filed under seal where the insurer believed the settlement agreement had information pertinent to damages in a separate action between the insurer and the insured.
4 minute read
June 18, 2019 | Delaware Business Court Insider

Del. Supreme Court Refuses to Lift Stay in Unclaimed Property Lawsuit

A three-judge panel of the high court left in place a Chancery Court decision that stayed a Department of Finance lawsuit seeking to enforce an administrative subpoena that would allow the state to investigate the firm's compliance with the state's escheat laws.
4 minute read
May 08, 2019 | Delaware Law Weekly

Slights Criticizes State's Tactics in Delaware Unclaimed Property Lawsuit

"The state continues to press its strategy of having two courts litigate the same constitutional challenges to the same Delaware statutes at the same time," the vice chancellor said.
4 minute read
August 30, 2018 | Delaware Law Weekly

Judge OKs Attorneys' Testimony in State Suit Over Alleged Scheme to Evade Unclaimed Property Laws

A state Superior Court judge on Wednesday allowed two lawyers to testify on behalf of a company accused of orchestrating a scheme to circumvent Delaware's unclaimed property laws, saying that a lack of guidance from state officials had led experts to rely on each other to advise clients.
4 minute read

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