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News and Views Newsletter: Oct, 2019

Oct 1, 2019

Contents include:

  • Appraisal actions are ‘securities claims’ under D&O policies
  • No coverage for class action alleging ‘related wrongful acts’
  • D&O policy’s bankruptcy exclusion is a prohibited ipso facto clause
  • Fifth Circuit rules securities exclusion bars coverage for sellers’ alleged misrepresentations
  • D&O coverage precluded by health care exclusion and related wrongful acts
  • Delaware supreme court reverses court of chancery’s duty of loyalty decision under caremark
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