No Coverage For Settlement, Consent Judgments Over Allegedly False SEC Filings

Mealey's (February 16, 2021, 2:48 PM EST) -- NEW YORK — A New York justice on Feb. 2 granted directors and officers liability primary and excess insurers’ motion for summary judgment declaring that they owe no coverage for settlements and consent judgments in three underlying actions alleging false and misleading Securities and Exchange Commission filings by a publicly traded real estate investment trust but denied the insurers’ request for their costs and reasonable attorney fees....