Cumulus Investors, LLC v. Hiscox, Inc. et al

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Case overview

Case Number:

0:20-cv-01919

Court:

Minnesota

Nature of Suit:

Insurance

Judge:

Eric C. Tostrud

Firms

Sectors & Industries:

  1. November 10, 2021

    Gambling Site Backer, Insurer Close $5M Theft Coverage Suit

    A major shareholder of mahjong and poker site owner GigaMedia Corp. and Hiscox Insurance Co. have agreed to end a dispute over whether the shareholder is covered under a $5 million employee theft policy after it lost $17 million in a scam.

  2. February 18, 2021

    Theft Insurer Must Face $5M Suit By Gambling Site Backer

    A Minnesota federal judge ruled Thursday that Hiscox Insurance Co. cannot dodge Cumulus Investors' suit accusing it of breaching a $5 million employee theft policy, finding that Cumulus sufficiently argued it meets the policy's coverage since it established that the employees who scammed it worked for an affiliate company.

  3. September 09, 2020

    Insurer Breached $5M Theft Policy, Says Gambling Site Backer

    A major shareholder of mahjong and poker site owner GigaMedia Corp. accused Hiscox Insurance Co. of breaching a $5 million employee theft policy after it was scammed into losing over $17 million, according to a suit filed in Minnesota federal court.