January 03, 2023
A Zurich unit can't pursue an interlocutory appeal of a decision rejecting its bid to toss a bank's suit seeking coverage for underlying litigation over involvement in a Ponzi scheme, a California federal judge decided, saying the issue of whether a lending act exclusion applied isn't a question of law.
September 23, 2022
Pacific Premier Bank can continue seeking insurance coverage for underlying suits alleging it helped keep a Ponzi scheme afloat by offering ill-advised lines of credit, a California federal judge said Friday, rejecting a Zurich unit's contention that a lending-acts exclusion relieves the insurer of its defense duties.
August 16, 2022
Pacific Premier Bank's insurer is improperly requiring it to prove an exclusion does not apply before it can get coverage of underlying litigation alleging it helped keep a Ponzi scheme afloat with ill-advised lines of credit, the bank told a California federal court.
August 01, 2022
Pacific Premier Bank isn't entitled to coverage of several underlying suits alleging it helped keep a Ponzi scheme afloat by offering ill-advised lines of credit, a Zurich unit told a California federal court, pointing to a policy exclusion for lending acts.
April 22, 2022
Pacific Premier Bank told a California federal court that a Zurich unit must cover its defense of several suits alleging that the bank helped keep a Ponzi scheme afloat by offering ill-advised lines of credit, saying a so-called lending acts exclusion doesn't completely rule out coverage.