Medidata Slams Chubb Unit's Refusal To Cover $4.8M Fraud

Law360, New York (September 21, 2015, 9:11 PM EDT) -- Medidata Solutions Inc. struck back Friday against a summary judgment bid by Chubb Corp. unit Federal Insurance Co. in a dispute over coverage of a $4.8 million loss suffered by Medidata when it was tricked into wiring the money overseas, arguing the swindle qualified as fraudulent changes to data.

The clinical research technology company told a New York federal judge Friday it was undisputed that the imposter who posed as a Medidata executive and convinced an employee in the company's financial department to wire the money to an overseas bank account did so by changing the code in emails to alter...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!