Insurer: Policy Exclusion Bars Coverage For Company That Attempted To Go Private

Mealey's (April 8, 2019, 2:22 PM EDT) -- CHICAGO — An insurance company on Jan. 22 filed a brief in the Seventh Circuit U.S. Court of Appeals contending that it does not owe coverage to Emmis Communications Corp. because the policy the insurer issued “unambiguously excludes coverage” for litigation related to Emmis’ attempt to make the company privately held (Emmis Communications Corporation v. Illinois National Insurance Company, No. 18-3392, 7th Cir.)....