Delaware Judge Rules For Insured In D&O Coverage Dispute Over Merger

Mealey's ( March 19, 2025, 11:31 AM EDT) -- WILMINGTON, Del. — A Delaware judge granted an insured’s motion for summary judgment in a directors and officers liability coverage dispute over claims that directors, officers and controlling shareholders breached their fiduciary duties in connection with the 2019 merger of Viacom and CBS Corp., finding that two underlying actions are not “interrelated” and that the policies’ “Prior Notice” and “Pending or Prior Litigation” exclusions do not bar coverage....