Saved by Ambiguity: Preliminary Injunction Granted for D&O Coverage

February 19, 2013 | New York Law Journal

Adequate D&O insurance coverage is indispensable protection for corporate executives and directors. However, the conduct of a single covered individual can potentially jeopardize coverage for the entire group of insureds in a way few might have anticipated. This article discusses a Southern District case, XL Specialty Insurance v. Level Global Investors, highlighting this issue.