The Delaware Supreme Court reversed the trial court’s ruling in In re Verizon Insurance Coverage Appeals, Nos. 558, 560, 561, 2019, opinion (Del. Oct. 31, 2019), finding claims for which the insured sought defense costs were not covered “Securities Claims” under the plain meaning of an insurance policy.
NEW: Deallawyers.com discusses the decision in D&O: Common Law & Statutory Claims Aren’t Covered “Securities Claims”.
NEW: Morris James discusses the decision in Delaware Supreme Court Finds an Insurance Policy Covering “Securities Claims” Did Not Apply to Claims for Violations of Common Law or Statutes Not Specific to the Regulation of Securities.
The D&O Diary’s Kevin LaCroix discusses the decision in Delaware Supreme Court: What is a “Securities Claim”?.