Panel Refuses To Rehear D&O Coverage Suit Over Insured’s Settlement With Government

Mealey's (August 16, 2023, 8:29 AM EDT) -- CHICAGO —The Seventh Circuit U.S. Court of Appeals refused to reconsider its finding that a directors and officers liability insurer owes the insured its $10 million policy limit for 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), standing by its affirmation of a federal court’s summary judgment ruling in favor of the insured....

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