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Delaware Corporate & Commercial Litigation Blog

Highlights & Analysis of Key Decisions from Delaware's Supreme Court & Court of Chancery

Delaware Supreme Court Decides: Appraisal Suit Not Covered by Securities Claims Definition in D&O Policy

By Francis Pileggi on November 15, 2020
Posted in Delaware Supreme Court Updates

A recent Delaware Supreme Court opinion addressed the titular topic in the matter styled In Re Solera Insurance Coverage Appeals, Nos. 413, 418, 2019 (Del. Oct. 23, 2020).  I’m too busy to provide even pithy highlights, but it’s a consequential decision, so I refer you to the overview provided on the Harvard Corporate Law Blog. 

Kevin LaCroix also provides an insightful and comprehensive analysis of the case on his excellent blog called The D&O Diary.

Delaware’s High Court determined that the costs incurred to defend an appraisal action were not covered by the term “securities claim” in a D&O  policy.

Tags: "coverage", "D&O Policy", "policy", "securities claim", Delaware business litigation, delaware corporate litigation, delaware supreme court, francis g.x. pileggi
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Francis practices primarily in the areas of corporate and commercial litigation. His practice includes representation in high-stakes disputes for a wide range of clients in many industries
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