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In re FairPoint Ins. Coverage Appeals
Publication Date: 2024-01-01
Practice Area: Insurance Law
Industry: Insurance | Investments and Investment Advisory | Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Seitz
Attorneys:
For plaintiff: Kurt M. Heyman, Aaron M. Nelson, Kelly E. Rowe, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Scott B. Schreiber, William C. Purdue, Samuel I. Ferenc, Matthew L. Farley, Arnold & Porter Kaye Scholer LLP, Washington, D.C.; Bruce E. Jameson, John G. Day, Prickett, Jones, & Elliott, P.A., Wilmington, DE; Tammy Yuen, Juan Luis Garcia, Skarzynski Marick & Black, LLP, New York, NY; Robert J. Katzenstein, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Ronald P. Schiller, Daniel J. Layden, Hangley Aronchik Segal Pudlin & Schiller, Philadelphia, PA; Michael R. Goodstein, Bailey Cavalieri, Columbus, OH; Thomas J. Judge, Jason C. Reichlyn, Dykema Gossett, PLLC, Washington, D.C. for appellants.
For defendant: Jennifer C. Wasson, Carla M. Jones, Potter Anderson & Corroon LLP, Wilmington, DE; Robin L. Cohen, Keith McKenna, Meredith Elkins, Cohen Ziffer Frenchman & McKenna LLP, New York, NY for appellees.
Case number: 478, 2022

Superior court erred in finding fraudulent transfer claims filed by a bankruptcy litigation trust to be derivative and falling under the definition of a "securities" claim in a corporate insurance policy where such claims only benefitted creditors rather than the company and thus were direct in nature.

September 19, 2023 | Insurance Coverage Law Center

Recent Developments In D&O Claims

This article summarizes many of the more important recent legal developments involving D&O claims. During these uncertain times, it is especially important for those who advise and insure directors and officers to carefully monitor and react to these and other developments.
35 minute read
Univar Solutions Inc. v. Geisenberger
Publication Date: 2022-06-21
Practice Area: Administrative Law
Industry: Chemicals and Materials | Distribution and Wholesale | State and Local Government
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys:
For plaintiff: Matthew J. Rifino, Travis Ferguson, McCarter & English LLP, Wilmington, DE; Jameel S. Turner, James G. Ryan, Bailey Cavalieri LLC, Columbus OH for plaintiff.
For defendant: Melanie K. Sharp, Martin S. Lessner, Mary F. Dugan, Robert M. Vrana, Young Conaway Stargett & Taylor, LLP, Wilmington, DE for defendants.
Case number: D69858

Constitutional challenges to audit under state escheat law overruled where there was no showing that state would undertake estimation of escheated property held by entity and where seizure of property owned by entities with foreign last known addresses did not violate the foreign commerce clause.

Jarden, LLC v. ACE Am. Ins. Co.
Publication Date: 2021-08-18
Practice Area: Insurance Litigation
Industry: Consumer Products | Insurance | Investments and Investment Advisory
Court: Delaware Superior Court
Judge: Judge LeGrow
Attorneys:
For plaintiff: David Baldwin, Berger Harris, Wilmington, DE for plaintiff.
For defendant: Robert J. Katzenstein, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Michael R. Goodstein, Bailey Cavalieri LLC, Columbus, OH; David H. Topol, Matthew W. Beato, Wiley Rein LLP, Washington, DC; Marc S. Casarino, White & Williams LLP, Wilmington, DE; Maurice Pesso, William J. Brennan, Kennedys CMK LLP, New York, NY; Joanna J. Cline, Emily L. Wheatley, Troutman Pepper Hamilton Sanders LLP, Wilmington, DE; Jennifer Mathis, Troutman Pepper Hamilton Sanders LLP, San Francisco, CA; Brandon D. Almond, Troutman Pepper Hamilton Sanders LLP, Washington, DC; Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Scott B. Schrieber, William C. Perdue, Arnold & Porter Kaye Scholer LLP, Washington, DC; Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; Ronald P. Schiller, Daniel J. Layden, Hangley Aronchick Segal Pudlin & Schiller, Philadelphia, PA for defendants.
Case number: D69506

No insurance coverage was available for costs incurred by a company in connection with a statutory appraisal proceeding, because that action did not constitute a "wrongful act" under the policy.

Verizon Commc'ns Inc. v. Nat'l Union Fire Ins. Co.
Publication Date: 2021-03-10
Practice Area: Insurance Litigation
Industry: Insurance | Technology Media and Telecom
Court: Delaware Superior Court
Judge: Judge Davis
Attorneys:
For plaintiff: Jennifer C. Wasson, Carl M. Jones, Potter Anderson & Corroon LLP, Wilmington, DE; Robin L. Cohen, Keith McKenna, Cohen Ziffer Frenchman & McKenna LLP, New York, NY for plaintiffs.
For defendant: Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Lisa C. Solbakken, Deana Davidian, Arkin Solbakken LLP, New York, NY; Bruce E. Jameson, John G. Day, Prickett, Jones & Elliott, P.A., Wilmington, DE; Alexis J. Rogoski, Tammy Yuen, Skarzynski Marick & Black, LLC, New York, NY; Robert J. Katzenstein, Eve. H. Ormerod, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Mi-chael P. Duffy, Scarlett M. Rajbanshi, Peabody & Arnold LLP, Boston, MA; John C. Phillips, Jr., David A. Bilson, Phillips, McLaughlin & Hall, P.A., Wilmington, DE; Joseph A. Bailey III, Gabriela Richeimer, Clyde & Co US LLP, Washington, DC; Michael R. Goodstein, Bailey Cavalieri LLC, Columbus, OH; Thomas J. Judge, Jason C. Reichlyn, Dykema Gossett, PLLC, Washington, DC for defendants.
Case number: D69325

The court granted summary judgment in favor of insureds because they had an indemnity claim under the plain language of the policies.

February 26, 2021 | Insurance Coverage Law Center

Superior Court: Verizon Can Recoup $24M in Defense Costs From Insurer

Superior Court Judge Eric M. Davis applied a broader definition of the insurance contract term "securities claim" that required coverage in a case over a challenge to a corporate spinoff and merger that was funded by debt instruments.
4 minute read
February 26, 2021 | Delaware Business Court Insider

Superior Court: Insurance Definition Covers Verizon's $24M in Defense Costs

Superior Court Judge Eric M. Davis applied a broader definition of the insurance contract term "securities claim" that required coverage in a case over a challenge to a corporate spinoff and merger that was funded by debt instruments.
4 minute read
State of Delaware v. Univar, Inc.
Publication Date: 2020-11-11
Practice Area: Government
Industry: Chemicals and Materials | State and Local Government
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys:
For plaintiff: Melanie K. Sharp, Martin S. Lessner, Mary F. Dugan, Michael A. Laukaitis, II, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Steven S. Rosenthal, Tiffany R. Moseley, John David Taliaferro, Loeb & Loeb LLP, Washington, DC for plaintiff.
For defendant: Michael P. Kelly, David A. White, Matthew J. Rifino, McCarter & English LLP, Wilmington, DE; Jameel S. Turner, James G. Ryan, Bailey Cavalieri LLC, Columbus, OH for defendant.
Case number: D69188

An administrative subpoena was not overly broad and was allowed under the state's revised escheat law.

December 03, 2019 | The American Lawyer

Sidley Austin Vows to Fight Claims It Aided $1.3B Ponzi Scheme

"We believe the claims asserted against the firm and Mr. Sullivan are without merit, and we intend to defend the case vigorously," a spokesman for Sidley said.
3 minute read
December 03, 2019 | Daily Business Review

Sidley Austin Fighting Claims the Firm Helped $1.3B Woodbridge Ponzi Scheme

Attorneys for receiver Michael Goldberg, an Akerman partner in Fort Lauderdale, claim several firms helped extend the life of the real estate investment fraud at Woodbridge, which was founded in Boca Raton.
3 minute read

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