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October 27, 2022 | Delaware Law Weekly

Superior Court Rules Verizon to Recover $120M From Insurers

"The securities claim definition at issue here is in a standard form that is used by policyholders across the country," said Keith McKenna, a partner at Cohen Ziffer Frenchman & McKenna.
4 minute read
October 27, 2022 | Delaware Business Court Insider

Verizon to Recover $120M From Insurers, Del. Superior Court Rules

"The securities claim definition at issue here is in a standard form that is used by policyholders across the country," said Keith McKenna, a partner at Cohen Ziffer Frenchman & McKenna.
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
November 04, 2019 | Delaware Law Weekly

Del. Justices: Bankruptcy Trustee's Case Against Verizon Not a Covered 'Securities Claim'

The Supreme Court of Delaware has ruled that claims brought by a bankruptcy trustee against Verizon Communications Inc. were not securities claims for purposes of various insurance policies because the claims did not allege any violation of regulations, rules or statutes regulating securities.
6 minute read
November 04, 2019 | Delaware Business Court Insider

Delaware Supreme Court Limits Insurance Policies' Definition of 'Securities Claim'

The Supreme Court of Delaware has ruled that claims brought by a bankruptcy trustee against Verizon Communications Inc. were not securities claims for purposes of various insurance policies because the claims did not allege any violation of regulations, rules or statutes regulating securities.
6 minute read
Law Journal Press | Digital Book Communications Law and Practice Authors: Stuart N. Brotman View this Book

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May 09, 2018 | Delaware Law Weekly

Insurers Cannot Escape Verizon Judgment, Superior Court Rules

A Delaware judge has ruled that Verizon Communications Inc. is owed $48 million from insurers from having defended a shareholder suit seeking $14 billion over the telecommunication giant's spinoff of its print and electronic directories business in 2006.
4 minute read

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