Medical Care America, Inc. v. National Union Fire Insurance Co. of Pittsburgh

DENNIS, Circuit Judge:

Following a precipitous decline in stock value, shareholders sued (among others) the director and officers of a Texas corporation formed through merger. After the suit settled, the corporation sued its insurer for coverage under its directors and officers liability policy. At issue was whether the policy covered the directors and officers’ post-merger wrongful acts that were the same as or related to their pre-merger wrongful acts. A jury concluded that there was no coverage. The corporation now appeals the district court’s pretrial grant of partial summary judgment, its…