Mealey's (May 16, 2023, 1:53 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on May 15 affirmed a lower court’s ruling that a law firm has no claim to the remaining proceeds of a directors, officers and entity securities liabilities insurance policy for legal services that it conducted for a pharmaceutical company during an investigation brought by the Securities and Exchange Commission, finding that “an unwaivable conflict of interest prevented” the law firm from recovering under the policy....