Delaware Supreme Court Affirms Coverage Win for TIAA

The Delaware Supreme Court issued a decisive coverage victory for Teachers Insurance and Annuity Association of America (TIAA), securing more than $40 million in coverage from three insurance companies. The carriers had sought to overturn the Delaware Superior Court’s 2016 holding that TIAA’s costs in connection with underlying class actions constituted an insurable loss.

Serving as Delaware counsel to TIAA in collaboration with McKool Smith, partner Jennifer Wasson and associate Andrew Sauder led Potter Anderson’s representation in the Delaware Superior Court case and in the appeal.

About Potter Anderson

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 100 attorneys, the firm centers its practice on corporate and alternative entity law and litigation, commercial litigation, bankruptcy, intellectual property, labor and employment, and real estate.