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Insurers Owe F-Squared $7.7M In Defense Fees, Trustee Says

Law360, New York (November 13, 2017, 6:25 PM EST) -- The Chapter 11 trustee of F-Squared Investments Inc. on Friday said a pair of excess insurers owe it $7.7 million for the costs the firm ran up defending against the U.S. Securities and Exchange Commission action that bankrupted it, arguing the insurers are wrongly claiming the SEC probe started the day before the policies went into effect.

Trustee Craig Jalbert said Zurich Services Corp. and XL Global Services Inc. are improperly denying the excess policies they wrote for F-Squared to cover the legal expenses it incurred...
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Case Information

Case Title

Jalbert v. The Zurich Services Corporation et al


Case Number

1:17-cv-12227

Court

Massachusetts

Nature of Suit

Insurance

Judge

Rya W. Zobel

Date Filed

November 10, 2017

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