Barry Klayman and Mark Felger authored an article in the Delaware Business Court Insider, discussing a recent decision of the Court of Chancery of Delaware holding that the defense of in pari delicto is not limited either to actions in equity or at law, and may be asserted as a defense by the receiver of an insurance company to a legal claim brought in a statutory liquidation proceeding pending in the Court of Chancery.
To read the article, click here.