Bank of Southern California, N.A. et al v. Everest National Insurance Company et al

  1. October 04, 2022

    Calif. Bank, Insurer To Settle D&O Coverage Dispute

    A California bank and its insurer have agreed to settle a dispute in federal court over whether the bank should receive coverage for an underlying suit accusing the financial institution of poaching employees and clients from another bank.

  2. August 24, 2022

    Calif. Bank's Bid For Poaching Suit Coverage Partially Tossed

    A California federal court threw out a bank's bid to have its insurer contemporaneously reimburse it for expenses in underlying litigation stemming from alleged employee poaching but said the request could be included as an alternative remedy to a separate claim.

  3. July 25, 2022

    Insurer Says Bank's D&O Defense Coverage Is Limited

    An Everest Re unit asked a California federal court to grant its request to toss part of a bank's suit seeking directors and officers coverage, arguing that the policy does not require contemporaneous reimbursement of defense costs that would give rise to a specific performance claim.

  4. July 11, 2022

    Insurer Can't Trim D&O Defense Coverage Suit, Bank Says

    A bank urged a California federal court to reject an Everest Re unit's bid to toss part of a suit seeking directors and officers coverage, arguing that the insurer must face a claim that it be required to contemporaneously reimburse the bank for its expenses in underlying litigation.