Barnes & Thornburg Attains Victory in Delaware Supreme Court on Behalf of Firm Client Guaranteed Rate

On Sept. 14, the Supreme Court of the State of Delaware issued a decision in Ace American Insurance Company v. Guaranteed Rate, Inc., finding that the professional services exclusion in the management liability (D&O) insurance policy provided by Chubb unit Ace did not apply to bar coverage for a False Claims Act (FCA) investigation by the government against firm client, mortgage lender Guaranteed Rate.