Judge: Bank Has Right To Reimbursement From Insurer For Post-Merger Defense Costs

(September 20, 2017, 12:58 PM EDT) -- NEWARK, N.J. — A New Jersey federal judge on Sept. 18 found that a bank involved in a corporate merger has a right to reimbursement under a directors and officers liability insurance policy for its post-merger defense costs vis-à-vis the independent directors involved in a shareholder class action (BCB Bancorp, Inc., et al. v. Progressive Casualty Insurance Co., et al., No. 13-1261, D. N.J., 2017 U.S. Dist. LEXIS 151415)....