Axis Avoids Defending Mortgage Broker In $5M Fraud Suit

Law360, New York (October 02, 2013, 4:04 PM ET) -- A Texas federal court on Friday freed Axis Surplus Insurance Co. from defending a mortgage broker against a nearly $5 million lawsuit over misappropriated investments, finding that the underlying claim stemmed from services that were not insured by a professional liability policy.

U.S. District Judge A. Joe Fish held that Axis had no defense obligations under a policy it issued to Halo Companies Inc. and Halo Group Inc, because the underlying lawsuit blamed the Halo defendants for the misuse of investors' funds, and the suit did...
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Case Information

Case Title

AXIS Surplus Insurance Company v. Halo Asset Management LLC et al

Case Number



Texas Northern

Nature of Suit



A. Joe Fish

Date Filed

July 18, 2012


Law Firms Mentioned