Delaware Judge Rules For Private Equity Firms In D&O, E&O Coverage Dispute

Mealey's (September 14, 2021, 12:55 PM EDT) -- WILMINGTON, Del. — A Delaware judge on Sept. 10 granted private equity firms insureds’ motion for partial summary judgment in their lawsuit seeking directors and officers and errors and omissions liability coverage for their $120 million settlement with the bankruptcy estate of a retail fashion holding company they acquired, finding that the Interrelated Claims Provision, Prior Notice Exclusion and Pending and Prior Litigation Exclusion do not bar coverage....