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Expert Analysis

Del. Ruling Further Narrows Scope Of 'Bump-Up' Exclusion

By Simone Haugen ( February 7, 2025, 4:17 PM EST) -- On Jan. 3, the Delaware Superior Court issued a significant ruling, Harman International Industries Inc. v. Illinois National Insurance Co., involving a dispute over directors and officers insurance coverage.[1] Harman International Industries, now a subsidiary of Samsung Electronics, sought indemnification from its insurers for a $28 million settlement in a securities class action....

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