9th Circuit Reverses Ruling In Insurer’s Favor In Directors, Officers Liability Suit

(April 30, 2019, 1:29 PM EDT) -- PASADENA, Calif. — The Ninth Circuit U.S. Court of Appeals on April 29 reversed a lower federal court’s summary judgment ruling in favor of a directors and officers liability insurer, finding that the lower court erred in finding that an investor’s written demand against real estate developer insureds constituted a claim made for a wrongful act under the policy (Scott G. Kelly, et al. v. Starr Indemnity & Liability Co., No. 17-56334, 9th Cir., 2019 U.S. App. LEXIS 12871)....