19Nov
California Court Broadens A D&O Policy’s Bump-Up Exclusion To Bump Out Coverage
Recently, a California state court expanded a “bump up” exclusion in excess D&O policies to bar coverage for a settlement of a shareholder class action lawsuit against Onyx and its directors and officers. The shareholders alleged that the directors and officers failed to maximize a buyer’s offer to purchase Onyx’s shares. By upholding the denial of coverage for the $30 million settlement, the court broadened the bump-up exclusion far beyond its traditional limited and intended application to...
By:
Lowenstein Sandler LLP
Related
The whistleblowing rules in Europe are about to change dramatically. The new Directive on the protec...
Read More >
In Shah v. Metropolitan Life Ins. Co., 2019 U.S. Dist. LEXIS 25695 (S.D. Ohio Feb. 19, 2019), the U....
Read More >
Please join us for BakerHostetler's “Labor Relations and Employment: The Only Constant Is Change” ...
Read More >
The New York City Commission on Human Rights (the Commission) has published guidance regarding an am...
Read More >
During 2019, the current National Labor Relations Board (the Board) majority became more active, beg...
Read More >
Lion Equity Partners has announced its affiliate, Lion Equity Holdings II, has acquired T-Y Group an...
Read More >