Cumulus Investors, LLC v. Hiscox, Inc. et al
Case Number:
0:20-cv-01919
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Firms
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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.
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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.
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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.