DE Supreme Court Rules in Client’s Favor

Michelle represented TIAA-CREF in an insurance coverage lawsuit seeking reimbursement from the client’s professional liability insurers of more than $60 million. Michelle obtained summary judgment on a groundbreaking issue by securing coverage for a settlement of a civil disgorgement claim and then secured a favorable jury verdict on various remaining issues. The Delaware Supreme Court ultimately affirmed that TIAA-CREF was entitled to coverage for its underlying settlements and to recover 100 percent of its defense costs as reasonable and necessary.