Fifth Circuit Holds No Defense or Indemnity for Creditors’ Suit Against Insured Based on Bankruptcy and Creditors Exclusion in D&O Policy

 The U.S. Fifth Circuit Court of Appeals recently upheld summary judgment dismissing all claims against an insurer based on a bankruptcy and creditors exclusion in the insured’s directors and officers (“D&O”) policy. Markel Am. Ins. Co. v. Huibert Verbeek, No. 1:15-51099 (5th Cir. Sept. 27, 2016).

Filed under:
USA, Insolvency & Restructuring, Insurance, Litigation, Phelps Dunbar LLP, Bankruptcy, Fifth Circuit
Authors:
George B. Hall, Jr.
Location:
USA
Firm:
Phelps Dunbar LLP