Delaware Judge Amends Ruling In Coverage Dispute Over Shareholder Derivative Costs

(July 6, 2016, 12:10 PM EDT) -- WILMINGTON, Del. — A Delaware judge on June 15 granted an insurer’s motion for reconsideration in a dispute over coverage for investigative costs associated with a shareholder derivative demand, clarifying a Nov. 30 order but not changing the outcome in favor of the insured (Ameritrans Capital Corp. v. XL Specialty Insurance Co., No.: N14C-10-019 EMD, Del. Super.; 2016 Del. Super. LEXIS 273).

(Opinion available. Document #13-160707-039Z.)

Shareholder Derivatives

On Oct. 2, 2014, Ameritrans Capital Corp. sued XL Specialty Insurance Co. in the New Castle County, Del.,...
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