Publication Date: 2025-01-21
Practice Area: Insurance Law
Industry: Consumer Products | Electronics | Insurance
Court: Delaware Superior Court
Judge: Judge Wallace
Attorneys: For plaintiff: Jennifer C. Wasson, Carla M. Jones, Potter Anderson & Corroon LLP, Wilmington, DE; Robin L. Cohen, Orrie A. Levy, Maria Brinkman, Cohen Ziffer Frenchman & McKenna LLP, New York, NY for plaintiff.
for defendant: Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Alexander S. Lorenzo, Kelsey Kingsberry, Alston & Bird LLP, New York, NY; Robert J. Katzenstein, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Daniel London, London Fischer LLP, New York, NY for defendants.
Case Number: N22C-05-098 PRW CCLD
Insurers improperly denied coverage for underlying securities action where the settlement in that action did not qualify as increased deal consideration since the settlement was far below the claimed difference in actual and true deal price.