Section 9.28 Was There a “Wrongful Act”?
| Library | Insurance Practice 2015 |
Director and officer policies define “wrongful act” in terms of this nature: “[A]ny breach of duty, neglect, error, misstatement, misleading statement, omission or act by the Directors or Officers of the Company in their respective capacities as such, or any matter claimed against them solely by reason of their status as Directors of Officers of the Company.”
In Wayne County Neighborhood Legal Services v. National Union Fire Insurance Co., 971 F.2d 1, 3 (6th Cir. 1992), the court held that the allegation...
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