8th Circ. Revives Headphone Maker's D&O Coverage Battle

By Shawn Rice (May 11, 2021, 2:34 PM EDT) -- The Eighth Circuit on Tuesday revived a headphone manufacturer's suit seeking to force Allied World Specialty Insurance Co. to cover investor allegations that the manufacturer's director misappropriated a $3.5 million settlement, rejecting a trial court's application of a contractual liability exclusion.

Verto Medical Solutions LLC and its founder Seth Burgett's Missouri federal suit can proceed against Allied World for defense of claims they breached reallocation agreements with investors by withholding $1.6 million from the settlement with a former business partner of Verto, the panel said.

"If the insurance policy seems unclear, it is," the Eighth Circuit panel said, finding uncertainty over...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!