In a recent decision from the Southern District of New York, Judge Jed S. Rakoff rejected an insurer’s attempt to stretch a “Subsequent Acts” exclusion beyond its text and denied a motion to dismiss a policyholder’s coverage action. The decision in AmTrust Financial Services, Inc. v. Forge Underwriting Ltd. underscores a familiar but critical point … Continue reading SDNY Rejects Insurer’s Attempt to Stretch D&O Policy’s “Subsequent Acts” Exclusion