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Gleason v. Markel American Insurance Co.

Court: 5th Cir  07/30/2019  Fifth Circuit Affirms Finding of No Coverage in D&O Dispute over Sale of Ice Cream Company

The court of appeals found that the insureds failed to adequately present their coverage position in the district court and that court did not abuse its discretion in failing to consider a new argument in the insureds' motion for reconsideration.

directors and officers liability coverage, duty to defend, purchase or sale of debt equity or securities, exclusion, exception, private placement transaction

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