Insurer Must Indemnify Clear Channel For Disgorgement, Interest In SEC Settlement

( May 6, 2026, 10:33 AM EDT) -- WILMINGTON, Del. — A Delaware judge held that a directors and officers liability insurer must indemnify Clear Channel Outdoor Holdings Inc. for $16.35 million in disgorgement and $3.76 million in prejudgment interest in connection with an underlying settlement with the U.S. Securities and Exchange Commission, rejecting the insurer’s argument that the disgorgement amount is uninsurable as a matter of public policy....