Company Says SEC’s Investigation Warrants Coverage Of Legal Costs

Mealey's (June 2, 2017, 7:22 AM EDT) -- DENVER — A plaintiff company has told the 10th Circuit U.S. Court of Appeals that a federal judge in Colorado erred in entering summary judgment in favor of its insurer, contending that an investigation by the U.S. Securities and Exchange Commission is a claim under its directors and officers liability policy that warrants coverage for $3 million in legal fees (MusclePharm Corporation v. Liberty Insurance Underwriters, Inc., No. 16-1462, 10th Cir.)....