Calamos Asset Management, Inc. v. Travelers Casualty and Surety Company of America
Case Number:
1:18-cv-01510
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Companies
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October 22, 2021
Travelers Off The Hook For Stockholder Claims In $22M Deal
Travelers is only on the hook for the director and officer claims against its policyholder in a $22 million investor class action settlement, a Delaware federal judge said, holding that the underlying stockholder claims are not covered by the policy.
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May 03, 2021
Travelers May Be Partly Liable After $22M Win Over Calamos
A Delaware federal judge has vacated part of her ruling that Travelers doesn't have to cover Calamos Asset Management's $22 million stockholder class action settlement, finding that more proceedings are needed to determine whether Calamos' executives should be covered under the policy.
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February 22, 2021
Calamos Can't Tap Travelers Policy For Stockholder Suit Deal
A Delaware federal judge has ruled that a Travelers unit doesn't have to help cover Calamos Asset Management's $22 million settlement of a consolidated stockholder class action over its 2017 merger with insider-controlled businesses, finding that the stockholders' suit didn't constitute a covered securities claim.