Delaware Judge:  Godiva Class Action Settlement Is Covered Loss Under D&O Policies

(September 13, 2022, 1:28 PM EDT) -- WILMINGTON, Del. — A Delaware judge on Sept. 12 held that Godiva Chocolatier Inc.’s settlement of an underlying class action alleging that it violated consumer protection statutes is a covered loss under its primary and excess directors and officers liability insurance policies, further finding that certain policy exclusions do not apply to prevent coverage for the entire underlying settlement....

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