Insurer’s Counsel Files Affidavit Seeking Discovery In $21M Wrongful Act Suit

Mealey's (November 11, 2022, 8:56 AM EST) -- SIOUX FALLS, S.D. — Counsel for a specialty insurer filed an affidavit in a South Dakota federal court seeking discovery and opposing a liquidator’s motion to strike asserted affirmative defenses and for partial summary judgment in the liquidator’s suit seeking a declaratory judgment that coverage exists under a claims-made excess insurance policy above a directors and officers (D&O) policy with regard to a $21 million wrongful acts claim....