MS Silicon Holdings v. Axis Ins

  1. February 19, 2021

    5th Circ. Asked To Rethink $100K Award In $1M Fraud Case

    A Mississippi silicon manufacturer urged a Fifth Circuit panel to rethink its decision capping its insurance recovery for a $1 million fraud at just $100,000, saying the court interpreted its contract so narrowly it made separate provisions redundant.

  2. February 04, 2021

    Silicon Co. Can't Tap $1M Coverage For Transfer Fraud

    The Fifth Circuit affirmed Thursday that a Mississippi silicon manufacturer cannot force its crime insurer to pay $1 million to cover its losses from money transfers it sent to cyber criminals posing as a vendor, agreeing with a lower court that the company's coverage is capped at a $100,000 limit for deceptive "social engineering" scams.

  3. May 13, 2020

    Silicon Co. Wants Insurance To Cover $1M Transfer Fraud

    A Mississippi raw silicon manufacturer wants the Fifth Circuit to revive a $1.025 million insurance case stemming from money transfers the company sent to cyberthieves posing as a longtime vendor, arguing the district court wrongly applied restrictive interpretations of its policy.