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The Superior Court of Connecticut, applying Connecticut law, granted an insurer’s motion for summary judgment, finding that a D&O policy did not afford coverage for a settlement that resulted in a consent judgment against the insureds. Ghio v. Liberty Ins. Underwriters Co., 2024 WL 3949196 (Conn. Super. Ct. Aug. 23, 2024). The court held that the settlement was restitutionary in nature and therefore was not insurable.
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