The Delaware Supreme Court, in In re Solera Insurance Coverage Appeals, Nos. 413, 418, 2019, opinion (Del. Oct. 23, 2020), ruled that that a statutory appraisal proceeding was not covered by a D&O insurance policy under terms that limited coverage to alleged “violations” of law.
NEW: Goodwin Procter discusses the decision in Delaware Supreme Court Holds D&O Insurance Policy Does Not Cover Costs in Appraisal Proceeding.
Goodwin Procter discusses the decision in Delaware Supreme Court Holds Appraisal Action Is Not “Securities Claim” Covered By D&O Insurance Policy.
Mark S. Nelson discusses the decision in Justices explain nature of appraisal proceedings.
Rolnick Kramer Sadighi discusses the decision in Appraisal Action Leads to Insurance Action: D&O Doesn’t Cover Appraisal.
D&O Diary’s Kevin LaCroix discusses the decision in Delaware Supreme Court: Appraisal Action Not a “Securities Claim” and Therefore Not Covered by D&O Insurance.