CORONATION INSURANCE CO V CLEARLY CANADIAN BEVERAGE CORP

(1997) 6 Re LR 344

Canada British Columbia Supreme Court

Lowry J

D & 0 insurance - Settlement of claim - Allocation - Claim by United States investors against British Columbia corporation and its directors and officers - Corporation uninsured - Directors and officers liability insurance purchased by corporation - Settlement of claim agreed to by insurer - Whether insurer was entitled to allocation of settlement amount between directors and officers and corporation - Whether allocation should be only to extent that liability that might have been established against corporation would not have been entirely concurrent with any liability that might have been established against directors and officers.