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In this opinion, the Delaware Court of Chancery addressed the statutory scheme embodied in Sections 278 and 279 of the Delaware General Corporation Law (“DGCL”) and granted petitioner’s motion for judgment on the pleadings seeking the appointment pursuant to Section 279 of a receiver for respondent, a dissolved Delaware corporation
The Superior Court of New Jersey, Appellate Division, in an unpublished decision, has ruled that the pollution exclusion in a directors and officers insurance policy does not bar coverage for defense costs and damages arising from an underlying suit alleging securities misrepresentations regarding contingent liabilities for pollution claims
