Key Developments In D&O Insurance Law – Shaun Crosner, Kirk Pasich, a Pasich Attorney and Pamela Woods Author Commentary for Mealey’s Emerging Insurance Disputes
Directors and officers (“D&O”) liability insurance covers the fees and costs associated with claims and lawsuits against corporate directors and officers—and, in some cases, claims, and lawsuits against the corporation itself. In a commentary for Mealey’s Emerging Insurance Disputes, published by LexisNexis, partners Shaun Crosner, Kirk Pasich, Pamela Woods and a Pasich Attorney discussed how various courts around the country analyzed the scope of D&O insurance, issuing several recent pro-insured decisions on a host of important issues.
In the commentary, the Pasich LLP attorneys highlighted the key rulings, including the firm’s win in a landmark Delaware Supreme Court case on the insurability of fraud claims and common choice-of-law considerations, a pair of decisions that narrowly construed “bump-up” exclusions in D&O policies, and a decision confirming coverage for so-called “disgorgement” of ill-gotten gains. The attorneys shared cases that serve as reminders that, when faced with adverse coverage positions from their D&O insurers, insureds should not automatically assume that such positions are well-founded.
Learn more and read the full commentary here (subscription required).