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Del. Justices Sink Solera's Bid For Appraisal Action Coverage

By Jeff Sistrunk ( October 23, 2020, 8:25 PM EDT) -- The Delaware Supreme Court on Friday ruled that Solera Holdings Inc. cannot pursue coverage from several excess insurers for tens of millions in costs it incurred in a stockholder appraisal action challenging its buyout by Vista Equity Partners, reversing a lower court and finding that the action does not qualify as a covered "securities claim."...

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