Delaware Courts Secure Limited Scope of “Securities Claims” in D&O Policies
By EsqSocial Corporation 26/04/21
The federal district court in Delaware recently ruled in Calamos Asset Management Inc. v. Travelers Casualty & Surety Company of America that stockholder suits alleging breaches of fiduciary duty in connection with a merger do not constitute a “securities claim” in the context of D&O policies. This decision is another in a string of recent cases that have refused to expand that definition....
By: Carlton Fields