Insured Seeks To Clarify That Defense Costs Of Directors, Officers Are Covered

Mealey's (May 17, 2021, 2:13 PM EDT) -- WILMINGTON, Del. — An insured on May 14 moved for reconsideration or clarification of a Delaware federal judge’s April 30 ruling in its lawsuit seeking coverage for an underlying stockholder action alleging that directors and officers breached their fiduciary duties, seeking to clarify that the underlying defense costs it incurred on behalf of the directors and officers are covered, subject to any allocation, just as with the underlying settlement amount....