Cassel, J.
I. INTRODUCTION
Former members of a credit union's board of directors, after having been sued by the credit union, sought a declaratory judgment that an insurance policy covered the credit union's claims. The district court first held in favor of the former directors, but reconsidered and later granted summary judgment to the insurer. While reconsideration was pending, the former directors settled with the credit union. On appeal, we resolve two...
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