October 22, 2021
Travelers is only on the hook for the director and officer claims against its policyholder in a $22 million investor class action settlement, a Delaware federal judge said, holding that the underlying stockholder claims are not covered by the policy.
May 03, 2021
A Delaware federal judge has vacated part of her ruling that Travelers doesn't have to cover Calamos Asset Management's $22 million stockholder class action settlement, finding that more proceedings are needed to determine whether Calamos' executives should be covered under the policy.
February 22, 2021
A Delaware federal judge has ruled that a Travelers unit doesn't have to help cover Calamos Asset Management's $22 million settlement of a consolidated stockholder class action over its 2017 merger with insider-controlled businesses, finding that the stockholders' suit didn't constitute a covered securities claim.