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  • Harman Int'l Indus., Inc. v. Illinois Nat'l Ins. Co.

    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.

  • Harman Int'l Indus. Inc. v. Illinois Nat'l Ins. Co.

    Publication Date: 2023-05-09
    Practice Area: Insurance Law
    Industry: Electronics | Insurance | Manufacturing
    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, Lorrie A. Levy, Cohen Ziffer Frenchman & McKenna LLP, New York, NY for plaintiff.
    for defendant: Kurt M. Heyman, Aaron M. Nelson, Kelly E. Rowe, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Alexander S. Lorenzo, Alston & Bird LLP, New York, NY: Robert J. Katzenstein, Smith, Katzenstein & Jenkins LLP, Wilmington, DE; Neal M. Glazer, London Fischer LLP, New York, NY; Cara T. Duffield, Wiley Rein LLP, Washington, DC for defendants.
    Case Number: N22C-05-098 PRW CCLD

    Court declined to resolve directors and officers policy coverage dispute via motion where the record was insufficient to determine whether underlying transaction and resulting securities lawsuit settlement fell within the scope of the D&O policy's exclusion.

  • State of Delaware ex. rel. French v. CVS Health Corp.

    Publication Date: 2019-10-09
    Practice Area: Civil Procedure
    Industry: Retail | State and Local Government
    Court: Delaware Superior Court
    Judge: Judge Wallace
    Attorneys: For plaintiff: Bruce E. Jameson and Samuel L. Closic, Prickett, Jones & Elliott, P.A., Wilmington, DE; Justin S. Brooks and Elizabeth H. Shofner, Guttman & Buschner & Brooks, PLLC, Wilmington, DE for plaintiff-relator.
    for defendant: Kenneth J. Nachbar, Michael Houghton, Matthew R. Clark and Barnaby Grzaslewicz, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Ethan D. Miller, Jason D. Popp and Gavin Reinke. Alston & Bird LLP for CVS Health Corporation. Stephen E. Jenkins, Catherine Gaul, F. Troupe Mickler, IV, Ashby & Geddes, Wilmington, DE for Card Compliant and CardFact defend-ants. Brian E. Farnan , Farnan LLP, Wilmington, DE for Vacation Properties United Ltd. and The Factoring Co.
    Case Number: D68731

    The court dismissed this qui tam action involving an allegedly fraudulent scheme for depriving the state of money it was enti-tled to from unused gift cards.