Pillsbury Winthrop Shaw Pittman: Solera Can Press Bid For $39 Million Insurance Coverage
August 07, 2019
August 07, 2019
NEW YORK, Aug. 7 -- Pillsbury Winthrop Shaw Pittman, a law firm, issued the following news release:
Ruling on an issue of national first impression, a Delaware judge held that an appraisal action is a covered securities claim under a directors and officers insurance policy, allowing Pillsbury client Solera Holdings Inc. to continue pursuing $39 million in coverage for costs it incurred in a stockholders' challenge to its buyout by Vista Equity Partners LP.
According to . . .
Ruling on an issue of national first impression, a Delaware judge held that an appraisal action is a covered securities claim under a directors and officers insurance policy, allowing Pillsbury client Solera Holdings Inc. to continue pursuing $39 million in coverage for costs it incurred in a stockholders' challenge to its buyout by Vista Equity Partners LP.
According to . . .