China Voice Sues Insurer For Defense In SEC Suit

Law360, New York (May 27, 2011, 2:32 PM EDT) -- China Voice Holding Corp. sued its insurers Wednesday in Texas seeking defense coverage under a directors and officers liability policy for U.S. Securities and Exchange Commission allegations that it ran an $8.6 million Ponzi scheme.

In a complaint filed in federal court in Dallas, China Voice accused National Union Fire Insurance Co. of Pittsburgh, Pa., of breach of contract and breach of duty of good faith and fair dealing, saying the insurer retroactively denied its claim for coverage after the SEC launched a civil suit and...
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