Potter Anderson Client Obtains Ruling on Issue of National First Impression in D&O Case

August 8, 2019
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Firm News

Ruling on an issue of national first impression, Delaware Superior Court Judge Abigail LeGrow held that an appraisal action is a covered securities claim under a directors and officers insurance policy. The ruling allows Potter Anderson client Solera Holdings Inc., a leading global provider of risk and asset management software and services, to continue pursuing $39 million in coverage for costs it incurred in a stockholders’ challenge to its 2016 buyout by Vista Equity Partners LP.

Serving as co-counsel to Pillsbury, Potter Anderson’s team for Solera is led by partner David Baldwin with associates Carla Jones and Tracey Timlin.

The case is Solera Holdings Inc. v. XL Specialty Insurance Co. et al., case number N18C-08-315.

News of the ruling was reported by Law360 and The D&O Diary.

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Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 90 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.

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