9th Circ. Tells Axis To Cover Ex-TransDimension CEO

Law360, New York (October 22, 2010, 4:26 PM EDT) -- A federal appeals court has reversed a lower court ruling in favor of Axis Reinsurance Co., ordering the insurer to cover the defense of TransDimension Inc.'s former CEO in an underlying suit that alleged he committed fraud and conspiracy in connection with his role in the merger of other companies.

The U.S. Court of Appeals for the Ninth Circuit on Wednesday reversed a district court ruling that Axis had no duty to defend Frederick Goerner under a policy with California-based TDI because the plaintiff in the...
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