Delaware Judge: Securities Suit Unrelated To SEC Subpoena; D&O Coverage Triggered

( February 23, 2024, 12:06 PM EST) -- WILMINGTON, Del. — A Delaware judge concluded 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, granting the insured’s motion for summary judgment in its lawsuit seeking directors and officers liability coverage....