Valid Controversy Exists Between Insurers, Insureds As To Settlement, Judge Says

Mealey's (January 4, 2017, 12:24 PM EST) -- WILMINGTON, Del. — A Delaware judge on Dec. 21 held that there is an actual controversy between excess directors and officer liability insurers and insureds regarding an underlying settlement over stockholders claims, refusing to dismiss the insurers’ declaratory judgment claim (Arch Insurance Co., et al. v. David H. Murdock, et al., No. 01-104, Del. Super.; 2016 Del. Super. LEXIS 645)....

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