March 23, 2023
An excess insurer can't yet seek a declaration that it does not need to cover a CBD business for underlying actions alleging that its directors and officers committed securities fraud, the business told an Oregon federal court, asking it to stay the carrier's suit.
January 18, 2023
A CBD business is not entitled to coverage for underlying actions alleging that the company's directors and officers committed securities fraud by misleading investors to purchase over $74 million in debentures, an excess insurer told an Oregon federal court, saying the conduct took place before its policy was in effect.