Judge Rules In Favor Of D&O Insurer In Bad Faith Suit Seeking Indemnification

Mealey's (August 30, 2024, 8:55 AM EDT) -- HARTFORD, Conn. — A Connecticut judge granted a directors and liability insurer’s motion for summary judgment in a lawsuit seeking satisfaction of a $1,901,056 underlying stipulated judgment and alleging a claim for bad faith, finding that the underlying damages are restitutionary in nature and, as a result, not covered under the D&O policy....