Insured’s Assignees Appeal Ruling In Directors, Officers Liability Dispute

Mealey's (June 1, 2017, 5:00 PM EDT) -- NEW YORK — An insured’s assignees have asked the Second Circuit U.S. Court of Appeals to reverse a lower court’s ruling in a coverage dispute arising from alleged breaches of contractual obligations under two promissory notes and a consulting agreement by the insured and its directors and officers (Intelligent Digital Systems v. Beazley Insurance Company, Inc., No. 16-3548, 2nd Cir.)....