Endurance Has Duty To Defend WFP Investor Suit, Judge Rules

Law360, New York (October 1, 2012, 5:33 PM EDT) -- A California judge on Friday ruled that Endurance American Specialty Insurance Co. has a duty to defend stockbroker WFP Securities Corp. in an investor lawsuit, saying Endurance’s various efforts to prove absence of coverage were insufficient.

Judge John Houston determined that Endurance cannot avoid coverage in a dispute accusing WFP of failing to perform proper due diligence on some of its recommended investments by claiming the underlying suit is barred by a prior and pending litigation exclusion because of a previous investor action, as those actions...
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