Freya Bowen, counsel in the Insurance Policyholder practice group, shares her insights in the Law360 Insurance Authority article “Specialty Line Insurance Cases To Note: 2025 Midyear Report.” This article discusses how, in the first half of 2025, courts issued several key rulings on directors and officers (D&O) and specialty line insurance, uncovering significant jurisdictional splits—most notably between Delaware and the Fourth Circuit—over the interpretation of “bump-up” exclusions in merger-related shareholder suit settlements. It also notes that Delaware courts addressed related wrongful acts and changes in exposure, with different outcomes in cases such as Alexion, Viacom, and PNC Bank, which illustrates how these coverage disputes continue to depend heavily on the specific facts and jurisdiction.
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