Duped Tech Co. Says Chubb Unit Must Cover $4.8M Fraud

By Jeff Sistrunk (February 10, 2015, 3:34 PM EST) -- Clinical research technology company Medidata Solutions Inc. sued a Chubb Corp. unit Monday in New York federal court, alleging the insurer wrongly denied coverage for $4.8 million in losses Medidata suffered as a result of fraudulent scheme that induced the company to wire money to an overseas account.

Medidata, which works with the medical and biotechnology research industries, asserted in its complaint that Federal Insurance Co. should be required to cover its losses from the fraud. Mid-level employees in the company's finance department were deceived into transferring the money based on emails that were forged to appear as though they came...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!