So ruled the U.S. Ninth Circuit Court of Appeals in National Casualty Co. v. Coastal Development Services Foundation, 2006 WL 700943 (March 20, 2006). The court was considering a Directors and Officers insurance policy, and the definition of damages was “a monetary judgment, award or settlement arising from a covered claim.” The court, sitting in diversity jurisdiction and deciding under California law, said attorney fees constitute a monetary award.
Equitable Relief That Seeks Costs And Attorney Fees Is A Claim For “Damages”
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Filed under Liability Policies