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
Seyfarth Synopsis: OSHA has just updated its “Protecting Temporary Workers” website, for staffing ...
Read More >
This e-Book provides guidance for the I-9 process, covering topics including: -Procedures -Employee...
Read More >
Navigating the Multilane Highway of Construction Dispute Resolution - Using a deliberate and though...
Read More >
In re Oracle Corp. Derivative Litig, Consol. C.A. No. 2017-0337-SG (Del. Ch. June 22, 2020) - At th...
Read More >
Whistleblower issues are in the news, mainly because a U.S. intelligence officer recently filed a co...
Read More >
Q: Is FMLA 480 hours under every circumstance? A: No, the FMLA uses something called the fluctuatin...
Read More >