Federal Judge:  Specific Persons, Insured Vs. Insured Exclusions Bar D&O Coverage

Mealey's (January 20, 2021, 8:22 AM EST) -- LEXINGTON, Ky. — Granting a directors and officers liability insurer’s motion to dismiss a breach of contract and declaratory judgment lawsuit, a federal judge in Kentucky on Jan. 15 held that the policy’s “specific persons” and “insured v. insured” exclusions bar coverage for an underlying lawsuit alleging misappropriation of trade secrets as part of an alleged pass-through scheme....