Judge: Bump-Up Exclusion Does Not Bar D&O Coverage For Securities Class Action

( January 6, 2025, 11:47 AM EST) -- WILMINGTON, Del. — A Delaware judge on Jan. 3 ruled in favor of an insured in its breach of contract and declaratory judgment lawsuit seeking directors and officers coverage for an underlying securities class action, rejecting the insurers’ argument that the policy’s bump-up exclusion barred coverage....