February 19, 2021
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.
February 04, 2021
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.
May 13, 2020
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.