September 25, 2017
Twin City Fire Insurance Co. hit back Friday against Oceaneering International Co.'s bid to overturn a district court ruling that freed the insurer from covering a settlement over excessive directors' fees, telling the Fifth Circuit it's "black-letter law" that disgorgement payments aren't insurable.
August 10, 2017
Oceaneering International Inc. and its directors on Wednesday urged the Fifth Circuit to reverse a ruling saying that Twin City Fire Insurance Co. doesn't have to cover the potential settlement of a shareholder derivative action alleging that the directors received excessive compensation, contending that such a deal is insurable under Texas law.