Related/Interrelated Claims or Wrongful Acts

The United States District Court for the District of Connecticut, applying Connecticut law, has found no coverage under a director and officers liability policy for a claim alleging the fraudulent conveyance of a company because it was “related to” a claim challenging the conveyance made prior to the policy period.  See Alexbay LLC v. QBE Ins. Corp., 2020 WL 5501233 (D. Conn. Sept. 11, 2020).  The court declined to decide whether a specific litigation exclusion also barred coverage.

Continue Reading D&O Claim Deemed Related to Prior Suit Brought by Different Parties