Andrews Corporate Officers and Directors Liability Litigation Reporter
October 26, 1998
Copyright (c) 1998 Andrews Publications
ONLY LIMITED COVERAGE AVAILABLE UNDER D&O POLICY FOR BANK CLIENT'S SUIT, SAYS 6TH CIR.
National Union Fire Insurance Co. of Pittsburgh v. Liberty National Bancorp
A directors' and officers' liability policy does not cover most of the cost of defending against a bank client's lawsuit-other than defense costs related directly to claims against its officers, a panel of the Sixth Circuit U.S. Court of Appeals has...