Examples of D&O Insurer in a sentence
The liability claim shall only be upheld only to the extent that this is required in order to enforce the coverage claims against the D&O Insurer current- ly in liquidation, Lumbermens Mutual Casualty Company in Liquidation (“Lumbermens”), which has not participated in the Coverage Settlement Agreement.
Bloom, his counsel, his D&O Insurer, Fred’s, Fred’s Trust, and Fred’s Liquidating Trustee shall have no responsibility for, or liability with respect to, the Plan of Allocation or any application for attorneys’ fees and interest, or expenses or payments to the Lead Plaintiffs submitted by Class Counsel, and such matters will be considered separately from the fairness, reasonableness, and adequacy of the Settlement.
Something different will only apply if the D&O Insurers are obliged to provide cover under the relevant insurance contract, with the D&O Insurer bearing the burden of proof.
Akorn shall use its best efforts to enable pursuit of insurance proceeds by the Settlement Class in the event of non-payment of the Cash Settlement Amount by any D&O Insurer, including, if necessary, assigning to Lead Plaintiffs, on behalf of the Settlement Class, Akorn’s rights pursuant to the Applicable Insurance Policies; provided, however, such assignment will not be made if, in Lead Counsel’s judgment, it will impair coverage under the Applicable Insurance Policies or applicable law.
Click here for full article • California Court Requires D&O Insurer to Fund Legal Fees Incurred by Policyholder in Obtaining Representation for Subpoenaed EmployeesA federal court in California ruled that an excess directors and officers insurer was required to pay legal fees incurred in complying with subpoenas issued to several company employees, even though the employees were neither directors or officers nor named in the underlying securities action.
This would entail an improvement in their economic conditions and consequently a reduction in the economic incentives for international migration.
Pursuant to the D&O Insurer Global Settlement, the claims asserted by the Securities Class Action Plaintiffs, the Consumer Class Action Plaintiffs and the Applicants against the D&O defendants were settled among those parties in exchange for the settlement payments and releases set out in the D&O/Insurer Global Settlement Agreement and the Plan.
Click here for full article • Bankruptcy Code Invalidates Policy Exclusion and D&O Insurer Must Defend Claims against Directors of Bankrupt Company, Says Illinois Appellate CourtAn Illinois appellate court affirmed a lower court ruling that a directors and officers insurer must defend directors in an underlying lawsuit filed by the bankruptcy trustee, finding that Section 541(c) of the Bankruptcy Code invalidated an otherwise applicable bankruptcy exclusion and that an “insured v.
Seeing that the Court of Appeal in its judgement maintained the finding that Directors were liable on a joint and several liability basis, on 29th November 2018 the Company’s D&O Insurer paid the full judgement sum of£2,003,972 and interest from 1 December 2016 to that date, which was accruing at 8% per annum on a daily basis, on behalf of Directors.
While Cantor also had clients, he would not have been able to sustain himself as a lawyer, or maintain a practice, without Epstein’s D&O Insurer Clients.