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  • Ace Am. Ins. Co. v. Guaranteed Rate, Inc.

    Publication Date: 2023-09-25
    Practice Area: Insurance Litigation
    Industry: Financial Services and Banking | Insurance
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: Thomas E. Hanson, Jr., William J. Burton, Barnes & Thornburg LLP, Wilmington, DE; Lilit Asadourian, Alice Kyureghian, Barnes & Thornburg LLP, Los Angeles, CA; Aaron D. Lindstrom, Barnes & Thornburg LLP, Grand Rapids, MI, for plaintiff below, appellee and cross-appellant.
    for defendant: John L. Reed, DLA Piper LLP (US), Wilmington, DE; David Newmann, Courtney Devon Taylor, Victoria A. Joseph, Brittany Armour, Hogan Lovells US LLP, Philadelphia, PA; Robert J. Katzenstein, Smith Katzenstein & Jenkins LLP, Wilmington, DE for defendant below, appellant and cross-appellee.
    Case Number: 360, 2022

    Ruling that appellee's alleged violation of the False Claims Act arose out of false certifications that the loans it endorsed were eligible for government insurance, not the professional services it provided to borrowers through mortgage banking, mortgage underwriting, and loan servicing; the court concluded that the FCA charges and eventual settlement did not fall within the professional services exclusion in appellant's management liability policy.

  • Stillwater Mining Co. v. Nat'l Union Fire Ins. Co. of Pittsburgh, PA

    Publication Date: 2023-01-31
    Practice Area: Insurance Litigation
    Industry: Insurance | Mining and Resources
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: David J. Baldwin, Peter C. McGivney, Berger Harris LLP, Wilmington, DE; Martha Sheehy, Sheey Law Firm, Billings, MT; Kyle A. Gray, Holland & Hart LLP, Billings, MT for appellant.
    for defendant: Kurt M. Heyman, Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel, LLP, Wilmington, DE; Scott B. Schreiber, William C. Perdue, Andrew T. Tutt, Samuel I. Ferenc, Arnold & Porter Kaye Scholer LLP, Washington, D.C.; John C. Phillips Jr., David A. Bilson, Phillips, Mclaughlin & Hall, P.A., Wilmington, DE; Geoffrey W. Heineman, Jung H. Park, John J. Iacobucci Jr., Ropers Majeski, PC, New York, NY; John L. Reed, DLA Piper LLP, Wilmington, DE; Gregory F. Fischer, Cozen O’Connor, Wilmington, DE; Angelo G. Savino, Cozen O’Connor, New York, NY for appellees.
    Case Number: 24, 2022

    Superior court did not err in applying law of state of incorporation to resolution of directors' and officers' insurance coverage dispute where the policy applied to D&O liability across multiple jurisdictions, as state of incorporation had the strongest connection to the dispute.

  • GXP Capital, LLC v. Argonaut Mfg. Serv., Inc.

    Publication Date: 2021-06-02
    Practice Area: Contractual Disputes
    Industry: Financial Services and Banking | Manufacturing
    Court: Delaware Supreme Court
    Judge: Justice Seitz
    Attorneys: For plaintiff: David L. Finger, Finger & Slanina, LLC, Wilmington, DE for plaintiff.
    for defendant: John L. Reed, Peter H, Kyle, DLA Piper LLP (US), Wilmington, DE; Brian A. Foster, Julie Gryce, DLA Piper LLP (US), San Diego, CA for defendants.
    Case Number: D69418

    The Delaware Supreme Court concluded that the lower court did not abuse its discretion in staying this ac-tion to permit plaintiff to file an action in a more convenient forum.