Securities Claim definition

Securities Claim means any Claim, whether or not the subject of an existing lawsuit, arising from the rescission of a purchase or sale of a debtor security, for damages arising from the purchase or sale of any such security, or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of any such Claim.
Securities Claim means a Claim, other than an administrative or regulatory proceeding against, or investigation of an Organization, made against any Insured:
Securities Claim means any Claim (a) described in section 510(b) of the Bankruptcy Code against any Debtor arising from rescission of a purchase or sale of a security of any Debtor, (b) for damages arising from the purchase or sale of such security, or for reimbursement, indemnity or contribution Allowed under section 502 of the Bankruptcy Code on account of such Claim, or (c) arising out of the ownership of an Interest.

Examples of Securities Claim in a sentence

  • In this case, the SEC Investigation may be a Securities Claim against the Debtors for which the Debtors have an interest in coverage under the Policy.

  • The definition of Loss under the Policy includes Defense Costs, damages, settlements, judgments (including pre-judgment and post-judgment interest), or other amounts (including punitive or exemplary damages and the multiplied portion of any multiplied damage award, if and where insurable by law) that an Insured Person is legally obligated to pay as a result of a Claim (or, in the case of the Company, any Securities Claim).


More Definitions of Securities Claim

Securities Claim means any written demand or proceeding against an Insured alleging a violation of any laws (statutory or common), rules or regulations regulating Securities, the purchase or sale or offer or solicitation of any offer to purchase or sell Securities, or any registration relating to such Securities:
Securities Claim means a Claim made against any Insured:
Securities Claim means a Claim of the type described in, and subject to subordination under, section 510(b) of the Bankruptcy Code, including any Claim arising from the rescission of a purchase or sale of an Existing Security of a Debtor, for damages arising from the purchase or sale of such an Existing Security, or for reimbursement, contribution or indemnification allowed under section 502 of the Bankruptcy Code on account of such Claim, including, but not limited to, a Claim with respect to any action pending against any Debtor and/or its current or former officers and directors in which Securities Claims are asserted, including the Securities Actions.
Securities Claim means any Claim (including a civil lawsuit or criminal proceeding brought by the Securities and Exchange Commission, or by any similar state or foreign governmental or securities regulatory entity) made against an Insured alleging a violation of any law, regulation or rule, whether statutory or common law, which is:
Securities Claim means any written demand or civil, criminal, administrative, regulatory or arbitration proceedings (other than administrative or regulatory proceeding against the Company) alleging a violation of any laws (statutory or common), rules or regulations relating to Securities, the purchase or sale or offer or solicitation of an offer to purchase or sell Securities, or any registration relating to such Securities, brought by any person or entity alleging, arising out of, based upon or attributable to the purchase or sale, or offer or solicitation of an offer to purchase or sell any Securities of a Company.Securities Claim shall not mean any Claim by a director, officer or Employee of a Company alleging, arising out of, based upon or attributable to the loss of, or the failure to receive or obtain, the benefit of any Securities (including any warrants or options).
Securities Claim means a Claim made against an Insured which alleges a violation of the Securities Act of 1933 or the Securities Exchange Act of 1934, rules or regulations promulgated thereunder, the securities laws of any state, or any foreign jurisdiction, and which alleges a Wrongful Act in connection with the claimant's purchase or sale of, or the offer to purchase or sell to the claimant, any securities of the Company, whether on the open market or arising from a public or private offering of securities by the Company.
Securities Claim means any Claim against DH, Dynegy or the Surviving Entity (as applicable) arising from rescission of a purchase or sale of shares or notes, or any other securities of DH, Dynegy, the Surviving Entity or any Affiliate of the foregoing (as applicable), for damages arising from the purchase or sale of such securities, or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such Claims, including, but not limited to, and Claims in connection with (a) Silsby v. Icahn et. al., No. 12-cv-02307-JGK (S.D.N.Y. filed Mar. 28, 2012); (b) Zahariades v. Elward et. al., No. 7539 (Del. Ch. filed May 17, 2012); and (c) Nicolle v. Flexon et. al., No. CC-12-02703-A (Tex. Dallas Co. filed May 4, 2012).