September 24, 2021
A Hartford unit asked the Fifth Circuit to rethink its finding that an investment firm is entitled to $470,000 from the insurer that it paid to settle threatened claims that one of its officers transferred money to a fraudster posing as a client of the firm.
September 03, 2021
An investment firm is entitled to $470,000 from its insurer that it paid to settle threatened claims that its chief financial officer transferred money to a fraudster posing as a client of the firm, the Fifth Circuit ruled, overturning a Texas federal court decision.
October 20, 2020
A sausage company told the Fifth Circuit that a Texas district court erred in ruling that Twin City Fire Insurance Co. needn't indemnify it for settling claims after a $1 million money transfer scam, arguing that the settlement was not time-barred and seeking $470,000 in reimbursement.