'Bump-Up' Exclusion Doesn't Bar Viacom Execs' Coverage Bid

By Ganesh Setty (August 11, 2023, 5:48 PM EDT) -- Viacom's insurers cannot rely on a so-called bump-up exclusion to avoid covering a $122.5 million settlement resolving shareholder litigation stemming from the company's $30 billion merger with CBS, a Delaware court ruled, finding the exclusion is ambiguous as to whether it distinguishes between acquisitions and mergers....

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