Panel: Insured Vs. Insured Exclusion Bars Directors, Officers Liability Coverage

Mealey's (September 22, 2017, 12:57 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Sept. 19 affirmed a judgment in favor of a directors and officers liability insurer in a coverage dispute arising from alleged breaches of contractual obligations under two promissory notes and a consulting agreement by the insured and its directors and officers (Intelligent Digital Systems, et al. v. Beazley Insurance Company, Inc., No. 16-3548, 2nd Cir., 2017 U.S. App. LEXIS 18273)....