2nd Circ. Sends Reputational Damages Query To Conn. Court

Law360, New York (August 27, 2012, 4:16 PM EDT) -- The Second Circuit on Monday asked the Connecticut Supreme Court to decide if a plaintiff may seek damages for reputational harm from an insurer that allegedly breached its duty to defend, reserving judgment in a case over coverage for three securities executives.

A three-judge panel said courts in the state had never reached a conclusion on whether state law allows for consequential damages — including damages for harm to reputation and loss of income — in such insurance disputes. As a result, it declined to rule...
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