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Panel Rejects Reargument In Directors, Officers Liability Coverage Dispute

(October 16, 2015, 2:19 PM EDT) -- NEW YORK — A New York appeals panel on Oct. 15 rejected a directors and officers liability insurer's reargument that a merger litigation and an adversary proceeding constitute one continuous claim, reaffirming that coverage for the adversary proceeding is not subject to a 2006-07 policy's insured versus insured (IVI) exclusion (American Casualty Company of Reading, P.A., et al., v. Morris Gelb, et al., No. 15335 653280/11, N.Y. Sup., App. Div., 1st Dept.; 2015 N.Y. App. Div. LEXIS 7590).

(Opinion available. Document #13-151029-002Z.)

Former directors and officers...
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