D&O Insurer: Declaratory Judgment Case From Insurer’s Receiver Should Be Dismissed

Mealey's (November 12, 2020, 11:49 AM EST) -- OKLAHOMA CITY — Declaratory judgment claims brought by BancInsure Inc.’s receiver are an impermissible direct action and do not trigger coverage, a directors and officers insurer argues in its Nov. 11 reply brief asking an Oklahoma federal court to dismiss the case (Glen Mulready v. Westchester Fire Insurance Company, No. 20-782, W.D. Okla.)....