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Delaware Bankruptcy Court rules that directors & officers may access eroding policy despite company’s bankruptcy

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 22 2010

A federal judge has ruled that directors and officers of a company in bankruptcy proceedings may continue to access an eroding liability policy to cover their defense costs

Court holds coverage for Madoff suits excluded under policy’s insolvency exclusion

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 8 2010

The US District Court for the District of Connecticut recently dismissed a customer suit against an insurer, based upon its determination that all of the underlying claims were excluded by the policy's Insolvency Exclusion