WebMD Affiliates Fail In Appeal Over Fraud Coverage

Law360, New York (April 23, 2010, 7:06 PM EDT) -- Delaware’s high court has ruled that affiliates of WebMD Corp. are not entitled to coverage under a series of insurance policies for the defense of executives and officers accused of engaging in a criminal scheme to defraud investors, partially reversing a lower court’s findings on the matter.

The Delaware Supreme Court issued the decision on Thursday, finding that both a prior acts exclusion and prior notice exclusion contained within a series of directors and officers liability policies applied to certain legal claims brought over the fraud...
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