Judge: No Directors, Officers Liability Coverage Owed For Overtime Pay Dispute

Mealey's (September 19, 2017, 12:58 PM EDT) -- SHERMAN, Texas — A Texas federal judge on Sept. 18 adopted a magistrate’s report that recommended granting an insurer’s motion for summary judgment in a dispute over directors and officers liability coverage for underlying claims that the insured failed to pay overtime and improperly categorized employees as “exempt” under the Fair Labor Standards Act (ADI WorldLink, LLC v. RSUI Indemnity Co., No. 16-665, E.D. Texas, 2017 U.S. Dist. LEXIS 150505)....