Partner Brian Scarbrough Discusses Biggest D&O Insurance Rulings of 2022 and Cases to Watch in 2023 with Law360

In articles for Law360, Jenner & Block Partner Brian S. Scarbrough discusses the “Biggest D&O Insurance Rulings Of 2022,” and the “D&O Insurance Cases To Watch In 2023.”

In Law360’s break down of the most significant D&O decisions of 2022, they discuss a Delaware Superior Court judge’s ruling which said that “insurers for Verizon Communications must cover the company’s $95 million settlement” of a bankruptcy trustee’s fraudulent transfer claim. The court held that the claim was a securities claim and was covered under Verizon’s D&O policy.

“For public companies, securities claims are not just shareholder class actions or shareholder derivative actions. It’s important for policyholder to think more broadly about what a securities claim is,” Brian told the publication.

As for the D&O insurance cases to watch this year, Law360 discusses the complaint filed by the North Carolina Mutual Wholesale Drug Co., which asked a North Carolina federal court to “find that it’s D&O insurer must cover it in more than 100 underlying opioid lawsuits.”

“Private companies should definitely be watching this. Private company D&O policies can cover a lot of things because they’re not limited to securities suits,” he told the publication.

© 2024 Jenner & Block LLP. Attorney Advertising. Jenner & Block LLP is an Illinois Limited Liability Partnership including professional corporations. This publication, presentation, or event is not intended to provide legal advice but to provide information on legal matters and/or firm news of interest to our clients and colleagues. Readers or attendees should seek specific legal advice before taking any action with respect to matters mentioned in this publication or at this event. The attorney responsible for this communication is Brent E. Kidwell, Jenner & Block LLP, 353 N. Clark Street, Chicago, IL 60654-3456. Prior results do not guarantee a similar outcome. Jenner & Block London LLP, an affiliate of Jenner & Block LLP, is a limited liability partnership established under the laws of the State of Delaware, USA and is authorised and regulated by the Solicitors Regulation Authority with SRA number 615729. Information regarding the data we collect and the rights you have over your data can be found in our Privacy Notice. For further inquiries, please contact dataprotection@jenner.com.

Partner Brian Scarbrough Discusses Biggest D&O Insurance Rulings of 2022 and Cases to Watch in 2023 with Law360

In articles for Law360, Jenner & Block Partner Brian S. Scarbrough discusses the “Biggest D&O Insurance Rulings Of 2022,” and the “D&O Insurance Cases To Watch In 2023.”

In Law360’s break down of the most significant D&O decisions of 2022, they discuss a Delaware Superior Court judge’s ruling which said that “insurers for Verizon Communications must cover the company’s $95 million settlement” of a bankruptcy trustee’s fraudulent transfer claim. The court held that the claim was a securities claim and was covered under Verizon’s D&O policy.

“For public companies, securities claims are not just shareholder class actions or shareholder derivative actions. It’s important for policyholder to think more broadly about what a securities claim is,” Brian told the publication.

As for the D&O insurance cases to watch this year, Law360 discusses the complaint filed by the North Carolina Mutual Wholesale Drug Co., which asked a North Carolina federal court to “find that it’s D&O insurer must cover it in more than 100 underlying opioid lawsuits.”

“Private companies should definitely be watching this. Private company D&O policies can cover a lot of things because they’re not limited to securities suits,” he told the publication.

© 2024 Jenner & Block LLP. Attorney Advertising. Jenner & Block LLP is an Illinois Limited Liability Partnership including professional corporations. This publication, presentation, or event is not intended to provide legal advice but to provide information on legal matters and/or firm news of interest to our clients and colleagues. Readers or attendees should seek specific legal advice before taking any action with respect to matters mentioned in this publication or at this event. The attorney responsible for this communication is Brent E. Kidwell, Jenner & Block LLP, 353 N. Clark Street, Chicago, IL 60654-3456. Prior results do not guarantee a similar outcome. Jenner & Block London LLP, an affiliate of Jenner & Block LLP, is a limited liability partnership established under the laws of the State of Delaware, USA and is authorised and regulated by the Solicitors Regulation Authority with SRA number 615729. Information regarding the data we collect and the rights you have over your data can be found in our Privacy Notice. For further inquiries, please contact dataprotection@jenner.com.

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