In a win for Wiley's client, the United States District
Court for the District of Wyoming, applying Wyoming law, held that
an insured versus insured ("IvI") exclusion barred
coverage for an entire class action proceeding brought by an
insured's former director against the insured and various other
former directors and officers.
Tri County Tel. Ass'n, Inc. v. Twin City Fire Ins.
Co., No. 24-CV-274-KHR (D. Wyo. Jan. 12, 2026).
One of the insured's former directors and his wife (with
whom he shared his membership interest) sued the insured telephone
cooperative and various other former directors and officers in both
his individual capacity and as a representative of a class of over
800 members. The suit alleged that a merger transaction undervalued
the cooperative and sold it for less than it was worth. After more
than four years of litigation, the insured prevailed on summary
judgment. The insured sought a defense under its directors and
officers liability policy, but
