• Second Circuit Finds Broad Coverage for Investigative Costs Under D&O Policy
  • July 12, 2011 | Author: Thorn Rosenthal
  • Law Firm: Cahill Gordon & Reindel LLP - New York Office
  • On July 1, 2011, the United States Court of Appeals for the Second Circuit issued an opinion finding broad coverage under directors and officers (¿D&O¿) insurance policies for pre- and post-suit costs relating to investigations. MBIA Inc. v. Federal Ins. Co. (opinion by Chief Judge Preska, sitting by designation).