Delaware Judge: Directors, Officers Liability Coverage Barred For Trustee’s Claims

(December 4, 2018, 1:56 PM EST) -- WILMINGTON, Del. — A Delaware judge on Nov. 30 held that a directors and officers liability insurance policy’s “capacity” exclusion bars coverage for underlying claims that a bankrupt company’s former investors and directors schemed and engaged in self-interested dealings at the company’s expense (Keith Goggin, et al. v. National Union Fire Insurance Company of Pittsburgh, Pa, No. 17C-10-083, Del. Super., 2018 Del. Super. LEXIS 1533)....