Jonathan Meer (Partner-New York, NY) was quoted in a Law360 article, “Coverage Woes Plague Bankman-Fried Fraud Trial, FTX Suits.” As the fraud trial against FTX founder Sam Bankman-Fried intensified this week, a fight over insurance coverage for rapidly mounting legal costs could shape the course of the litigation and future actions. Meer noted, “Any high-profile implosion of a company risks significant costs that can exhaust D&O towers, and there are not necessarily bright-line rules in the policy that policyholders or insurers can dictate how remaining funds are allocated, leading to court resolutions.”