D&O Insurer Owes $10M Toward Insured’s Settlement With Government, Panel Affirms  

Mealey's (May 4, 2023, 1:53 PM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals on May 3 affirmed a lower federal court’s grant of summary judgment in favor of an insured, finding that a directors and officers liability insurer owes the insured its $10 million policy limit to pay toward the $100 million the insured paid the U.S. government to settle potential claims that it violated the Anti-Kickback Statute (AKS) and the False Claims Act (FCA)....