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No E&O or D&O coverage for investigation by attorney general

  • Wiley Rein LLP
  • -
  • USA
  • -
  • July 26 2011

Applying California law, a federal district court has held that a social networking website could not recover under its professional liability policy for amounts incurred in connection with an investigation by the New York Attorney General (NYAG) because the matter did not involve professional services within the scope of the policy’s errors and omissions coverage and because the allegations triggered the professional services exclusion in the directors and officers liability (D&O) coverage section. Tagged, Inc