Delaware High Court Affirms $10M D&O Excess Coverage Ruling In Dole Food’s Favor

Mealey's (March 4, 2021, 2:36 PM EST) -- WILMINGTON, Del. — The Delaware Supreme Court on March 3 affirmed a lower court’s ruling that applied Delaware law and the “larger settlement rule” in an excess insurance coverage dispute that resulted in a $10 million judgment plus $2,321,095.90 in prejudgment interest in favor of Dole Food Co. and its directors and officers but affirmed the court’s finding that the insurer did not act in bad faith....