Justice Orders Excess Directors And Officers Liability Insurers To Pay Legal Fees

Mealey's (January 9, 2018, 2:26 PM EST) -- NEW YORK — A New York justice on Dec. 21 granted insureds’ motion for a preliminary injunction directing excess insurers to advance attorney fees and costs to defend against underlying criminal and civil proceedings brought against the insureds until a final adjudication that the insureds’ purported wrongdoings fall under policy exclusions (Freedom Specialty Insurance Company, et al. v. Platinum Management [NY], LLC, No. 652505/2017, N.Y. Sup., New York Co., 2017 N.Y. Misc. LEXIS 5165)....