Insured Vs. Insured Exclusion Bars Coverage For Share Dispute, Federal Judge Rules
(September 23, 2015, 11:53 AM EDT) -- MINNEAPOLIS — A Minnesota federal judge on Sept. 22 held that a directors and officers liability insurance policy’s “insured vs. insured” exception bars coverage for an underlying share dispute brought against a closely held corporation and two members of its board of directors by a former board member and her two daughters (Jerry's Enterprises Inc. v. U.S. Specialty Insurance Co., No. 14-1951, D. Minn.; 2015 U.S. Dist. LEXIS 126241).
(Memorandum opinion and order available. Document #13-150924-042Z.)
Jerry's Enterprises Inc. (JEI), which primarily owns and operates a...