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INSURANCE COVERAGE DISPUTE FEATURED IN MEALEY'S D&O REPORT

 WAYNE, Pa., Jan. 7 /PRNewswire/ -- The Supreme Court of Colorado has bucked the trend in federal courts by ruling that a so-called "regulatory exclusion" -- barring insurance coverage for directors and officers of failed thrifts in lawsuits brought by regulators or receivers -- violated Colorado's public policy.
 The Colorado decision came in the wake of a Tenth Circuit U.S. Court of Appeals' opinion which rejected the government agency's federal public policy arguments while speculating that such exclusions might, in some cases, violate a particular state's public policy or statutes.
 Only a handful of federal circuit courts and state high courts have been presented with the issue, so coverage for such suits is still an open question in most jurisdictions. D&O Liability editor John T. Hayes said Mealey's will offer a perspective on recent rulings in an upcoming commentary by an attorney who has worked on some of the most noteworthy recent cases.
 The first issue of Mealey's D&O Liability report featured not only the full text of the Colorado Supreme Court ruling, but news and documents relating to recent actions filed against directors and officers of failed savings and loans, shareholder lawsuits, and numerous other issues affecting corporate directors and officers, their attorneys and accountants.
 Mealey Publications Inc., of Wayne, will issue its D&O Liability report (formerly called Banking Insolvency) twice each month. Mealey's also publishes legal reports on asbestos, environmental insurance, Superfund, punitive damages, bad faith, tobacco, reinsurance, insurance insolvency, international arbitration, toxic torts, breast implants and intellectual property.
 /delval/
 -0- 1/7/93
 /CONTACT: John T. Hayes of Mealey Publications, 215-688-6566/


CO: Mealey Publications, Inc. ST: Pennsylvania IN: PUB SU:

LJ-MK -- PH016 -- 2667 01/07/93 12:14 EST
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Date:Jan 7, 1993
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