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Big Brothers Big Sisters of Ottawa – Ottawa Business Journal

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Wrongful Acts Alleged in Class Action Based on Corporate Policy Are Not "Related Acts" | Wiley Rein LLP

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The United States District Court for the Southern District of New York has held that an insurer has a duty to defend its insured’s subsidiary in a class action lawsuit that alleges wrongful conduct that occurred prior to the parent’s acquisition of the subsidiary, rejecting the insurer’s argument that the policies’ “Related Acts” definition precluded coverage.
The insured parent company acquired the defendant real estate brokerage firm on January 1, 2017. In July 2018, a class action was filed against the real estate brokerage firm for representing both buyers and sellers in a single real estate transaction. The class action seeks damages for violations spanning from 2011 to June 10, 2019. ....

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