(January 25, 2016, 2:19 PM EST) -- PASADENA, Calif. — The Ninth Circuit U.S. Court of Appeals on Jan. 22 affirmed a lower court’s ruling that a directors, officers and private company liability insurer has no duty to pay its insureds an additional $20 million in underlying defense costs (James P. Previti, et al. v. National Union Fire Insurance Company of Pittsburgh, PA, No. 13-56368, 9th Cir.; 2016 U.S. App. LEXIS 1139).
(Memorandum available. Document #13-160204-013Z.)
Beginning in 2007, National Union Fire Insurance Company of Pittsburgh issued three consecutive directors, officers...