No Directors, Officers Liability Coverage For Suit Over Sale Of Equity Securities

Mealey's (June 17, 2019, 2:11 PM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on June 13 affirmed a lower federal court’s finding that an exclusion in a Profit Management Liability Insurance Policy excluded directors and officers liability coverage for an underlying lawsuit over the purchase of shares in a beef company insured (Colorado Boxed Beef Co., Inc., et al. v. Evanston Insurance Co., No. 19-10326, 11th Cir., 2019 U.S. App. LEXIS 17696)....