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Cooper Industries, Ltd. et al v. National Union Fire Insurance Company of Pittsburgh PA
Case Number:
4:12-cv-01591
Court:
Nature of Suit:
Judge:
Firms
Companies
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June 22, 2016
Chartis Unit Gets A Win In Coverage Suit Over Ponzi Loss
A Texas federal judge gave a win to a Chartis unit on Tuesday in a suit over the insurance giant's denial of coverage for millions of dollars lost by a manufacturer unwittingly caught up in a major Ponzi scheme, saying the manufacturer had invested via loans and so didn't "own" its money for purposes of coverage.
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September 23, 2015
Chartis, Cooper To Mediate $17M Ponzi Loss Coverage Row
After nearly three years of litigation, a Texas federal judge has ordered mediation between Cooper Industries and its insurer, a Chartis Inc. subsidiary, which it sued over an alleged breach of contract for denying coverage of a $17 million loss when the electrical manufacturer was caught in a $670 million Ponzi scheme.
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May 25, 2012
Chartis Accused Of Failing To Cover $17M Ponzi Loss
Chartis Inc. was hit with a suit in Texas federal court Thursday claiming that the insurance giant wrongfully denied coverage of $17 million lost by an electrical manufacturer unwittingly caught up in a $670 million Ponzi scheme.