July 20, 2023
Two insurers for Hertz Global Holdings told the Second Circuit to disregard the rental car company's bid to use a recent Third Circuit decision to argue it deserved coverage for a 2014 U.S. Securities and Exchange Commission probe, asserting that the decision is irrelevant.
January 02, 2023
Federal appellate courts across the country are poised to weigh in on some of the thorniest issues in directors and officers coverage over the course of 2023, with opinions expected on whether government investigations count as securities claims, the so-called bump-up exclusion and a key False Claims Act dispute. Here, Law360 breaks down the top D&O insurance cases to watch this year.
October 31, 2022
Insurers urged the Second Circuit to uphold a ruling that they don't have to cover Hertz's $27 million legal bill related to a U.S. Securities and Exchange Commission investigation, arguing that the probe doesn't count as a covered securities claim under the rental car company's policies.