October 02, 2017
Continental Casualty Co. and the receiver for a defunct company that ran a Ponzi-like real estate embezzlement scheme are headed to trial to decide whether a Continental policy covered some of the losses, after a California federal court denied dueling motions for summary judgment on Friday.
May 04, 2017
Continental Casualty Co. and the receiver for a defunct company that ran a Ponzi-like real estate embezzlement scheme squared off in California federal court Thursday, almost a year after the Ninth Circuit revived the case, with Continental arguing that a 2004 policy doesn't cover the losses.
March 27, 2014
A California federal judge on Wednesday excused Continental Casualty Co. from covering a defunct 1031 exchange company that ran a Ponzi-like real estate embezzlement scheme, ruling that allowing its receiver to recover client losses would reward criminality in violation of state insurance law.