{"id":3212,"date":"2025-12-19T04:20:14","date_gmt":"2025-12-19T04:20:14","guid":{"rendered":"https:\/\/www.insuracarelife.com\/blog\/delaware-supreme-court-backs-amc-on-do-stock-settlement-loss-fight\/"},"modified":"2025-12-19T04:20:14","modified_gmt":"2025-12-19T04:20:14","slug":"delaware-supreme-court-backs-amc-on-do-stock-settlement-loss-fight","status":"publish","type":"post","link":"https:\/\/www.insuracarelife.com\/blog\/delaware-supreme-court-backs-amc-on-do-stock-settlement-loss-fight\/","title":{"rendered":"Delaware Supreme Court backs AMC on D&#038;O stock settlement &#8220;loss&#8221; fight"},"content":{"rendered":"<div>\n<p paraeid=\"{9dd096b3-c4eb-4a6a-aa03-27b9678b7ecb}{179}\" paraid=\"1220931000\">The Superior Court\u2019s Feb. 28,\u00a02025\u00a0memorandum opinion\u00a0centered\u00a0on the policy wording. The policies defined \u201cLoss\u201d as: \u201cdamages, judgments, settlements, pre-judgment and post-judgment interest or other amounts (including punitive, exemplary or multiplied damages, where insurable by law) that any Insured is legally obligated to pay and\u00a0Defense\u00a0Expenses, including that portion of any settlement which represents the claimant\u2019s attorneys\u2019 fees.\u201d Midvale argued that stock is not money and therefore cannot be \u201cpaid,\u201d so the settlement\u00a0did not constitute\u00a0a covered \u201cLoss.\u201d The court disagreed, concluding that the definition did not restrict coverage to cash payments and declining to insert such a limitation.\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Superior Court\u2019s Feb. 28,\u00a02025\u00a0memorandum opinion\u00a0centered\u00a0on the policy wording. The policies defined \u201cLoss\u201d as: \u201cdamages, judgments, settlements, pre-judgment and post-judgment interest or other amounts (including punitive, exemplary or multiplied damages, where insurable by law) that any Insured is legally obligated to pay and\u00a0Defense\u00a0Expenses, including that portion of any settlement which represents the claimant\u2019s attorneys\u2019 fees.\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1952,1951,852,1563,320,1312,1201,1953,851],"class_list":["post-3212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-amc","tag-backs","tag-court","tag-delaware","tag-fight","tag-loss","tag-settlement","tag-stock","tag-supreme"],"_links":{"self":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/3212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/comments?post=3212"}],"version-history":[{"count":0,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/3212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media\/3213"}],"wp:attachment":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media?parent=3212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/categories?post=3212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/tags?post=3212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}