Federal Judge Again Dismisses Suit Seeking Directors, Officers Liability Coverage

Mealey's (January 9, 2019, 4:03 PM EST) -- TAMPA, Fla. — After allowing directors and officers of an insured beef company to amend their declaratory judgment complaint against their insurer, a Florida federal judge on Jan. 3 entered judgment in favor of the insurer after finding that the policy excluded coverage for an underlying lawsuit arising from the purchase of company shares (Colorado Boxed Beef Co., Inc., et al. v. Evanston Insurance Co., No. 18-01237, M.D. Fla., 2018 U.S. Dist. LEXIS 217936)....