Travelers Casualty and Surety Company v. Jeld-Wen Holding, Inc. et al

  1. August 29, 2023

    Door Maker Says Excess Insurer Must Cover Class Settlement

    A door maker said its excess insurer must contribute $10 million toward the settlement of a securities class action, telling a North Carolina federal court that its previous ruling placed the underlying costs firmly within the excess insurer's directors and officers insurance tower.

  2. November 21, 2022

    Travelers Unit Scores Win In D&O Coverage Fight

    A North Carolina federal court ruled in favor of a Travelers unit in a dispute over whether it owed coverage to a doormaker that paid $40 million to settle a securities class action, finding that the claims fall outside the insurer's excess policy.

  3. March 14, 2022

    Travelers Must End $10M Coverage Holdout, Doormaker Says

    A doormaker that paid $40 million to settle a securities class action slammed its excess insurer's bid to duck coverage for part of the settlement, telling a North Carolina federal court that a Traveler's unit needs to adopt the coverage stance of its fellow insurers in a tower policy. 

  4. February 14, 2022

    Insurer Says Related Acts Mean No $10M Settlement Coverage

    A lone excess insurer asked a North Carolina federal judge for an early win in its suit seeking to avoid covering part of a doormaker's $40 million securities class action settlement, arguing that the alleged misconduct started before its policy went into effect.

  5. December 20, 2021

    Doormaker Slams Bid To Duck $10M Of Settlement Coverage

    A lone excess insurer must stop holding out on paying $10 million as part of a North Carolina doormaker's $40 million securities class action settlement, even as the primary insurer and other excess insurers already have honored their coverage obligations, the manufacturer told a North Carolina federal court. 

  6. July 14, 2021

    Doormaker Hits Insurers With $10M Suit For Class Settlement

    A North Carolina doormaker is suing its insurers in federal court for $10 million in coverage for the settlement and cost of an underlying investor class action that accused the company of manipulating its stock price by concealing a $76 million liability to a competitor.