The defendant excess D&O carrier in Comerica Inc. v. Zurich Am. Ins. Co., 2007 U.S. Dist. LEXIS 54517 (E.D. Mich. July 27, 2007), denied coverage for Section 11 claims asserted against the plaintiff Company. The Company settled with the plaintiffs for an amount in excess of the $20 million primary policy, but the primary carrier paid only $14 million, with t ...
The defendant excess D&O carrier in Comerica Inc. v. Zurich Am. Ins. Co., 2007 U.S. Dist. LEXIS 54517 (E.D. Mich. July 27, 2007), denied coverage for Section 11 claims asserted against the plaintiff Company. The Company settled with the plaintiffs…