Alstrin v. St. Paul Mercury Insurance Company
United States District Court for the District of Delaware
179 F. Supp. 2d 376 (2002)
Relevant factsFree
Former officers and directors (plaintiffs) sued under their D&O liability policy for coverage of a securities class action and related bankruptcy-estate claims; National Union (defendant) invoked exclusions for deliberate fraud, illegal profit, and insured-versus-insured suits, and the plaintiffs moved for summary judgment arguing those exclusions, read as National Union proposed, would gut the policy's core coverage.
IssueFree
Whether a policy exclusion overrides the policy's coverage for claims the policy otherwise covers.