Andrews Corporate Officers and Directors Liability Litigation Reporter
June 3, 2002
Copyright (c) 2002 Andrews Publications
INSURANCE POLICY'S 'INSURED VS. INSURED' CLAUSE DOES NOT BAR TRUSTEE ACTION
Gray v. Executive Risk Indem.
A federal judge in Boston has endorsed a bankruptcy judge's ruling that the ‘insured vs. insured‘ exclusions in the D&O policies of the defunct Molten Metal Technology Inc. do not bar coverage for a Chapter 11 trustee's breach-of-duty claims. The...