Insured V. Insured Exclusion Bars D&O Coverage, 2nd Circuit Affirms

(January 17, 2024, 8:06 AM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals affirmed a lower court’s dismissal of a breach of contract lawsuit seeking directors and officers liability coverage for an underlying lawsuit alleging that the plaintiff used his position at a farm and ranch equipment manufacturer to defraud entities related to the manufacturer out of tens of millions of dollars....