Mealey's (May 3, 2021, 12:19 PM EDT) -- PASADENA, Calif. — An insurer on April 28 filed a supplemental brief in the Ninth Circuit U.S. Court of Appeals in a dispute over whether it was obligated to fund a settlement reached in underlying backdating litigation after a majority of the Arizona Supreme Court, in answering a certified question, held that the Ninth Circuit should assess the objective reasonableness of the insurer’s decision to withhold consent to the insured’s settlement with shareholders from the perspective of the insurer....