March 29, 2023
An investment firm and its insurer have settled a dispute over $4.5 million in defense costs incurred during arbitration proceedings with a former executive, a New York federal court said.
February 27, 2023
An investment firm seeking coverage for $4.5 million in defense costs incurred during arbitration proceedings with a former executive got a quick win from a New York federal judge, who found that allegations of constructive termination and related retaliation triggered an exception to the policy's insured-versus-insured exclusion.
July 11, 2022
Seabury Capital can't get coverage for the $4.5 million it spent to defend an arbitration proceeding brought by a former executive, its insurer told a New York federal court, arguing that the investment firm is trying to "shoehorn" the arbitration into an exception in its policy's insured-versus-insured exclusion.
June 10, 2022
An investment firm asked a New York federal judge to grant it a win in its suit seeking defense coverage for $4.5 million it spent during arbitration with a former executive, accusing its insurer of taking a "myopic and selective" position to seek refuge under an insured-versus-insured exclusion.
May 13, 2022
An insurer for Seabury Capital asked a New York federal judge Friday to free it from the investment firm's suit seeking coverage for $4.5 million in defense costs stemming from arbitration with a former executive, saying the arbitration falls under an insured-versus-insured exclusion.
April 05, 2022
Both New York-based investment firm Seabury Capitol and its insurer, U.S. Specialty Insurance Co., asked a New York federal judge for permission to seek early victories in the suit over coverage of the $4.5 million the investment firm spent defending itself in an arbitration with a former executive.
February 17, 2022
New York-based investment firm Seabury Capital dropped its excess insurer, RSUI Indemnity Co., from a $4.5 million suit seeking coverage for its costs in an arbitration with a former executive, seemingly because the two parties had reached some type of settlement.