December 14, 2011
U.S. Fire Insurance Co. and the receiver for a 1031 exchange company whose owners allegedly ran a real estate embezzlement scheme have settled their coverage dispute in California federal court for $750,000, according to a court filing Tuesday.
July 15, 2011
A California federal judge on Thursday refused to dismiss a 1031 exchange company receiver's fraud counterclaim against U.S. Fire Insurance Co. in a coverage fight tied to the exchange company's alleged real estate embezzlement scheme.
June 29, 2011
Liberty Mutual Co. on Monday agreed in California federal court to pay $1.7 million to receivers of a 1031 exchange company to end coverage claims tied to the exchange company's alleged real estate embezzlement scheme.