Dole’s Win strengthens Del firms. In D&O cowl fights

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Law360 (March 5, 2021, 5:18 p.m. EST) – The Delaware Supreme Court docket issued a landmark ruling on March 3 that state regulation doesn’t excuse an insurer of Dole administrators and officers from masking the settlements of the meals firm relating to fraud claims ruling that can assist different Delaware firms in comparable disputes with their D&O carriers.

The Delaware Excessive Court docket, unanimously, upheld a number of rulings by a state court docket choose that required RSUI Indemnity Co. to pay all the $ 10 million restrict of an extra coverage d administrators and officers that it had issued to Dole Meals Corp. curiosity. Dole and its CEO, David Murdock, sued RSUI …

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