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: Delaware Business Litigation ReportCourt of Chancery Permits Settlement of Suit with Suit To Be Filed Against Insurers
By Morris James LLP
In re Electronics for Imaging Inc. S’holders Litig., C.A. 2797-VCL (Del. Ch. Sept. 4, 2008)
It is common for the settlement of a derivative suit to be funded by the D&O insurers. Here, however, in a twist to that common event, the Court upheld a settlement where the company is permitted to sue the D&O insurers, with counsel for the stockholder plaintiff as its attorneys, to force the insurers to fund.
Full post as published by Delaware Business Litigation Report on September 04, 2008 (boomark / email).
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