News From Law.com
The Delaware Supreme Court deliberated on whether a Delaware LLC, 300 West 22 Realty, is legally situated in the state for litigation. The company argued its pandemic-related insurance dispute with its insurance carrier should be heard in both its state of incorporation and where it operates. The carrier's counsel emphasized potential floodgates of COVID-related insurance suits if the decision is reversed. The court questioned the jurisdictional basis given the policy's focus on property damage in New York.
November 30, 2023, 12:41 AM