Cases & Deals

Private equity firm successfully resolves coverage dispute over representations and warranties insurance

Client(s) Private equity firm

In conjunction with representation and warranty claims against a seller, Jones Day represented a private equity firm and its portfolio company in litigation against insurance carriers that issued a representations and warranties insurance policy in connection with the acquisition. The dispute encompassed both underlying coverage claims, as well as the insurers' delay in addressing our client's claim during the period they were represented by prior counsel. After commencing litigation and aggressively pursuing discovery, Jones Day was able to obtain additional concessions from the defendants and the case was successfully resolved through settlement.