We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results:1-4 of 4

Fifth Circuit requires D&O insurers to advance defense costs to Stanford executives subject to judicial determination in parallel coverage action
  • Jones Day
  • USA
  • March 19 2010

Executives of the Stanford Group alleged to have engaged in a massive Ponzi scheme won a preliminary - and perhaps temporary - victory in litigation against D&O insurers when the United States Court of Appeals for the Fifth Circuit affirmed a lower court decision and ruled that insurers must continue to advance defense costs until a judicial determination is made that the policy exclusion for money laundering applies.