August 29, 2023
A door maker said its excess insurer must contribute $10 million toward the settlement of a securities class action, telling a North Carolina federal court that its previous ruling placed the underlying costs firmly within the excess insurer's directors and officers insurance tower.
November 21, 2022
A North Carolina federal court ruled in favor of a Travelers unit in a dispute over whether it owed coverage to a doormaker that paid $40 million to settle a securities class action, finding that the claims fall outside the insurer's excess policy.
March 14, 2022
A doormaker that paid $40 million to settle a securities class action slammed its excess insurer's bid to duck coverage for part of the settlement, telling a North Carolina federal court that a Traveler's unit needs to adopt the coverage stance of its fellow insurers in a tower policy.
February 14, 2022
A lone excess insurer asked a North Carolina federal judge for an early win in its suit seeking to avoid covering part of a doormaker's $40 million securities class action settlement, arguing that the alleged misconduct started before its policy went into effect.
December 20, 2021
A lone excess insurer must stop holding out on paying $10 million as part of a North Carolina doormaker's $40 million securities class action settlement, even as the primary insurer and other excess insurers already have honored their coverage obligations, the manufacturer told a North Carolina federal court.
July 14, 2021
A North Carolina doormaker is suing its insurers in federal court for $10 million in coverage for the settlement and cost of an underlying investor class action that accused the company of manipulating its stock price by concealing a $76 million liability to a competitor.