Gordon Rees Scully Mansukhani, LLP. logo.

Directors & Officers Coverage

GRSM represents domestic and international insurers in connection with public and private company directors and officers policies as well as related financial institutions policies. We provide comprehensive coverage opinions for matters tendered under these policies and we regularly use our extensive knowledge of securities laws to analyze potential liability and resolve claims efficiently. We have helped resolve hundreds of D&O claims, including numerous high-profile securities fraud and derivative actions involving options back-dating, violations of the Foreign Corrupt Practices Act and other issues.

GRSM regularly represents insurers in state and federal courts across the country in bad faith litigation, declaratory relief actions and contribution actions involving the full spectrum of D&O liability coverage issues including:

  • “Follow-form” and “difference-in-conditions” issues
  • Drop-down and insured insolvency or bankruptcy
  • Advancement of costs
  • Contribution and allocation
  • Material misrepresentation/omission
  • Interrelatedness (temporal, logical, or causal connection)
  • Covered Loss issues (restitution, fraudulent transfer, etc.)

Our attorneys also provide a broad array of non-litigation insurance-related services including:

  • Claims review and coverage opinions
  • Underwriting consultation
  • Policy drafting
  • Outside counsel claims management audits
  • Defense invoice audits
  • Representation with state Departments of Insurance for regulatory filings and compliance
  • Representation with state Guaranty Funds to address issues of insurer Rehabilitation, Conservation, and/or Liquidation
  • CLE/CE training for insurance coverage, trending D&O liability issues, and legal ethics