California Federal Court Holds Attorney’s Fees are Covered Damages under a D&O Policy
In U.S. Liability Ins. Co. v. A&B Market plus, Inc., 2019 WL 2107808 (S.D. Cal. May 14, 2019), the United States District Court for the Southern District of California held that attorney’s fees awarded in connection with a derivative action for equitable and declaratory relief are covered damages under a D&O Policy.