Delaware High Court Reverses Ruling In D&O Coverage Dispute Over Securities Action

( February 6, 2025, 1:46 PM EST) -- WILMINGTON, Del. — The Delaware Supreme Court reversed a Delaware judge’s ruling that an underlying federal securities lawsuit brought in 2016 against a pharmaceutical company insured is not “meaningfully” related to a May 7, 2015, subpoena issued by the Securities and Exchange Commission, finding that directors and officers liability coverage should have been placed in the pharmaceutical company’s first tower of insurance....