May 03, 2021
Delaware Supreme Court Holds That Fraud Is Insurable Under D&O Policy
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To read complete article visit Wolters Kluwer Legal & Regulatory U.S.
The Delaware Supreme Court unanimously affirmed a trial court judgment requiring a directors and officers (D&O) excess insurer to pay a claim for losses predicated on fraudulent conduct of the director and CEO of a corporation, holding that such losses are insurable under Delaware law and coverage is not barred by Delaware public policy.
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