Judge:  Insurer’s Argument In Directors, Officers Coverage Dispute Is ‘Red Herring’

Mealey's (July 8, 2021, 12:04 PM EDT) -- NEW YORK — A federal judge in New York on July 3 held that a directors and officers liability insurer has a duty to defend against underlying counterclaims alleging that executives made misrepresentations in connection with the sale of their parent company, granting the executives’ motion for judgment on the pleadings and denying the insurer’s motion to dismiss the executives’ lawsuit seeking coverage for their underlying defense costs....

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