Public policy does not bar corporation from recovering under the policy for its settlement of a shareholder class action lawsuit

Genzyme Corp. v. Federal Ins. Co., 09-2485, concerned a challenge to the district court’s judgment that a corporation’s loss was not insurable as a matter of Massachusetts public policy, in the corporation’s suit against its insurer seeking to recover its costs in settling a shareholder class action under a corporate and director and officer liability insurance policy.

 

Related Link:

  • Read the First Circuit’s Full Decision in Genzyme Corp. v. Federal Ins. Co., 09-2485

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