Ex-TransDimension CEO Accuses Insurer Of Fraud

Law360, Los Angeles (June 23, 2011, 6:52 PM EDT) -- A former TransDimension Inc. CEO who sued Axis Reinsurance Co. for refusing to cover him under a directors and officers liability policy — and won on appeal — told a California federal judge Thursday that Axis had defrauded him.

U.S. District Judge George H. Wu heard arguments on Axis’ motion for summary judgment, which seeks rulings that it has no duty to reimburse Frederick Goerner for a $120,000 settlement he paid in an underlying civil action, and that the former chief executive is not entitled to...
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