September 13, 2023
A spatial data company told a California federal court its insurer owes $3 million in defense costs the company incurred from a lawsuit filed by its former CEO, arguing a majority shareholder exclusion is ambiguous because it does not explicitly outline when majority shareholder status should be calculated.
August 02, 2023
A company's dispute with its former CEO over his inability to sell his shares for 180 days after the company's de-SPAC transition is not covered because of a majority shareholder exclusion, the company's insurer told a California federal court while seeking a quick win.
May 31, 2023
An insurer must cover a company's dispute with its former CEO over his inability to sell his shares for 180 days after the company underwent a de-SPAC transition, the company told a California federal court, asserting that a policy exclusion for litigation by major shareholders did not apply.