For some time now, merger-objection and acquisition-objection litigation against buyers of companies have been on the rise. In years past, these cases often settled for not much more.
8 Del. Law 145 provides that Delaware corporations may purchase insurance to insure liability of their directors, officers, employees, and agents. The amendment clarifies that insurance includes captive insurance.
8 Del. Law 145 provides that Delaware corporations may purchase insurance to insure liability of their directors, officers, employees, and agents. The amendment clarifies that insurance includes captive insurance.
A recent policyholder favorable ruling from the Eastern District of Virginia adopted a narrow, strict construction of a "bump-up" exclusion in a directors' and officers' liability policy.
In Towers Watson & Co v. National Union Fire Insurance Company, 2021 U.S. Dist. LEXIS 192480 (E.D. Va. Oct. 5, 2021), the U.S. District Court for the Eastern District of Virginia.