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Expert Analysis

Case Study: Federal Insurance Co. V. SafeNet

Law360, New York (November 23, 2011, 12:42 PM EST) -- A federal judge sitting in New York but applying Maryland law recently held that a directors and officers insurer is not required to provide insurance coverage because the policyholder breached the policy's consent-to-settle provision when it settled a securities class action without obtaining the carrier's prior approval. Federal Ins. Co. v. SafeNet, Inc. (S.D.N.Y. Sept. 9, 2011)....

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