Mortenson v. National Union Fire Insurance Company of Pittsburgh, Pa.

(7th Cir. 2001)

Words & Phrases

Directors' And Officers' Liability Policy

Trial Judge

Suzanne B. Conlon

Appellate Judge

Posner

Holding

A penalty assessed by the IRS pursuant to 28 U.S.C. §6672(a) is encompassed by a “fine or penalty” exclusion in a directors’ and officers’ liability policy.

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