IN RE FAIRPOINT INS. COVERAGE APPEALS

No. 478, 2022 No. 479, 2022 No. 480, 2022.

311 A.3d 760 (2023)

IN RE FAIRPOINT INSURANCE COVERAGE APPEALS.

Supreme Court of Delaware.

Decided: December 15, 2023.

Revised: December 19, 2023.


Attorney(s) appearing for the Case

Kurt M. Heyman, Esquire (argued), Aaron M. Nelson, Esquire , Kelly E. Rowe, Esquire , HEYMAN ENERIO GATTUSO & HIRZEL LLP, Wilmington, Delaware; Scott B. Schreiber, Esquire , William C. Purdue, Esquire , Samuel I. Ferenc, Esquire , Matthew L. Farley, Esquire , ARNOLD & PORTER KAYE SCHOLER LLP, Washington, D.C., for Defendant Below, Appellant Nation Union Fire Insurance Company of Pittsburg, Pa.

Bruce E. Jameson, Esquire , John G. Day, Esquire , PRICKETT, JONES & ELLIOTT, P.A., Wilmington, Delaware; Tammy Yuen, Esquire , Juan Luis Garcia, Esquire , SKARZYNSKI MARICK & BLACK, LLP, New York, New York, for Defendant Below, Appellant XL Specialty Insurance Company.

Robert J. Katzenstein, Esquire , SMITH KATZENSTEIN & JENKINS LLP, Wilmington, Delaware, for Defendants Below, Appellants National Specialty Insurance Company, AXIS Insurance Company, and St. Paul Mercury Insurance Company; Ronald P. Schiller, Esquire , Daniel J. Layden, Esquire , HANGLEY ARONCHIK SEGAL PUDLIN & SCHILLER, Philadelphia, Pennsylvania, for Defendant Below, Appellant National Specialty Insurance Company; Michael R. Goodstein, Esquire , BAILEY CAVALIERI, Columbus, Ohio, for Defendant Below, Appellant AXIS Insurance Company; Thomas J. Judge, Esquire , Jason C. Reichlyn, Esquire , DYKEMA GOSSETT, PLLC, Washington, D.C., for Defendant Below, Appellant St. Paul Mercury Insurance Company.

Jennifer C. Wasson, Esquire , Carla M. Jones, Esquire , POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; Robin L. Cohen, Esquire , Keith McKenna, Esquire (argued), Meredith Elkins, Esquire , COHEN ZIFFER FRENCHMAN & McKENNA LLP, New York, New York, for Plaintiffs Below, Appellees Verizon Communications Inc., NYNEX LLC, Verizon New England Inc., and Verizon Information Technologies LLC.

Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, LEGROW, and GRIFFITHS, Justices, constituting the Court en Banc.


In this appeal we once again interpret the definition of a "Securities Claim" in corporate insurance policies. As part of a comprehensive definition, the insurance policies defined a Securities Claim as a Claim against the Insured "brought derivatively on behalf of an Organization by a security holder of such Organization....

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases