3rd Circ. Affirms Insurers' Wins In 'Kids For Cash' Case

Law360, New York (July 9, 2013, 4:59 PM EDT) -- The Third Circuit ruled Monday that Markel International Insurance Co. and others weren't obligated to cover operators of private juvenile-detention facilities in underlying suits alleging they paid two Pennsylvania judges $2.6 million in kickbacks to steer juvenile offenders to their facilities.

A three-judge panel of the Third Circuit affirmed two March 2012 rulings from the Pennsylvania federal court holding that Markel, Alea London Ltd. and Atrium Underwriters Ltd. had no obligation to defend or indemnify Robert Powell and Gregory Zappala, owners and operators of PA Child...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.