Panel:  No Employment Practices Liability Coverage Owed For Shareholder Dispute

Mealey's (November 30, 2022, 10:53 AM EST) -- RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeals on Nov. 29 affirmed a lower federal court’s ruling that plaintiffs cannot recover under an insurance policy’s employment practices liability coverage for the underlying $725,000 settlement of a shareholder lawsuit, finding that the documents cited by the plaintiffs do not constitute a claim involving wrongful discharge or termination under the policy....