Verizon's policy uses a definition of "securities claim" is not uncommon in insurance contracts, which could make the court's decision applicable to countless other cases involving contracts that also use that definition. (Photo: Shutterstock)
Verizon can recoup $24 million in defense costs from its insurers, Superior Court Judge Eric M. Davis has ruled in a decision that could find application nationwide and make it more difficult to reject coverage in cases over corporate transactions.
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Ellen Bardash
Ellen Bardash is ALM's reporter covering Delaware litigation for Delaware Law Weekly and Delaware Business Court Insider. She can be contacted at [email protected], on Twitter @Dellenware or on Threads @ellenbardash.
