Delaware Supreme Court Affirms Ruling That Stock Issued to Pay Settlement Was a Covered Loss

Partner Theodore A. Keyes and associate Ashley Bogdan authored an article, “Delaware Supreme Court Affirms Ruling That Stock Issued to Pay Settlement Was a Covered Loss,” published in the New York Law Journal Insurance Law column. The article examines the Delaware Supreme Court’s decision affirming that a stock-funded settlement constitutes a covered loss under a D&O insurance policy and discusses the implications of the ruling as noncash settlements continue to be considered in resolving disputes.