Travelers Fights Gateway D&O Coverage In 9th Circ.

Law360, Washington (October 14, 2011, 7:24 PM EDT) -- Travelers Indemnity Co. on Friday asked the Ninth Circuit to overturn a ruling that it was obligated to pay attorneys' fees incurred on behalf of Gateway Inc. employees in a securities suit against the computer company, even though they were not directors or officers.

The insurer filed a notice of appeal of U.S. District Judge William Q. Hayes' August ruling that because nonexecutive Gateway employees appeared as deposed witnesses in a securities fraud suit against executives covered by the directors and officers insurance policy, Travelers was...
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