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