Settlement Agreement Bars Insured From Reopening D&O Coverage Suit, Panel Affirms

(October 17, 2023, 1:01 PM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals held that the plain language of a settlement agreement between an insured and its directors and officers liability insurer bars the insured from reopening its coverage dispute against the insurer, affirming a lower federal court’s dismissal of the insured’s breach of contract and declaratory relief lawsuit without leave to amend....