StarStone Specialty Insurance Co. sued View Operating Corp.—formerly known as View Inc.—and Vidul Prakash, alleging it doesn’t owe defense or indemnity coverage under an excess liability insurance policy for lawsuits and third-party subpoenas related to View’s 2021 de-SPAC merger transaction and public offering.
The Aug. 1 complaint in the US District Court for the Northern District of California alleges the insurance policy contains a securities exclusion barring coverage for claims arising from any public offering of the insured company’s equity securities or subsequent trading.
It says View’s de-SPAC merger qualified as an initial public offering subjecting related lawsuits to the ...
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