5th Circuit Vacates Ruling In Favor Of Directors, Officers Liability Insurer

Mealey's (September 7, 2021, 3:40 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Sept. 2 vacated and remanded a federal district court’s ruling in favor of a directors and officers (D&O) liability insurer, finding that the lower court erred in finding that the insurer had no duty to indemnify the insured for a potential negligence claim arising out of a fraudulent wire transfer....