Beazley Sues To Get CMoney's D&O Policy Tossed

Law360, New York (February 22, 2011, 2:29 PM EST) -- Beazley Insurance Co. Inc. has asked a federal court to strike a $5 million directors and officers policy it sold to cMoney Inc., alleging that the mobile technology company submitted shady financial statements when applying for the policy.

Daniel McNeel Lane Jr. of Akin Gump Strauss Hauer & Feld LLP lodged Beazley's suit in the U.S. District Court for the Southern District of Texas on Friday, asking the court for a declaration that cMoney and three of its current and former directors and officers are not...
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