Sher Tremonte Wins Preliminary Injunction Compelling Insurance Company to Fund Tech CEO’s Defense
On February 4, 2020, the Commercial Division of the New York County Supreme Court granted a motion for a preliminary injunction filed by Sher Tremonte on behalf of its client, a former CEO of a technology firm. Sher Tremonte’s client initiated the action seeking to compel an insurance provider to defend and indemnify her under a Directors and Officers liability policy. The Hon. O. Peter Sherwood found that Sher Tremonte’s client had established a high likelihood that coverage is required under the policy and that the insurer should therefore pay defense costs pending a final decision in the case. The case was handled by Sher Tremonte partners Theresa Trzaskoma and Mark Cuccaro.