Insurer Asks 5th Circ. To Affirm Win In $63M Coverage Fight
Law360, Los Angeles (September 7, 2016, 11:07 PM EDT) -- Mid-Continent Casualty Co. on Wednesday asked the Fifth Circuit to uphold a lower court's ruling that it doesn't have to pay $63 million owed by its bankrupt policyholder in a copyright dispute with Kipp Flores Architects LLC, arguing that the architecture firm didn't obtain a final judgment entitling it to recovery.
In an appellate brief, Mid-Continent said that U.S. District Judge Lee H. Rosenthal made the right call by accepting a magistrate judge's recommendation to grant the insurer summary judgment on KFA's bid for coverage of a $63 million proof of claim it lodged against policyholder Hallmark Collection of Homes LLC....
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