Fraud Coverage Suit Survives Zurich Dismissal Bid

Law360, New York (November 4, 2010, 7:37 PM EDT) -- Zurich American Insurance Co. has fallen short in its bid to toss five of the nine claims asserted in American Service Group Inc.'s suit seeking coverage for losses racked up in multiple shareholder and derivative lawsuits, with a federal judge agreeing to toss only one promissory fraud claim.

Judge Altea A. Trauger of the U.S. District Court for the Middle District of Tennessee on Tuesday granted the insurer's motion to dismiss without prejudice the plaintiff's claim that Zurich fraudulently led ASG to believe it would remove...
To view the full article, register now.