Stout Risius Ross, LLC v. Aspen Specialty Insurance Company
Case Number:
1:21-cv-04412
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March 18, 2022
Investment Bank Loses Coverage Bid In $30M Bad Advice Suit
A New York federal court freed Aspen Specialty Insurance from having to cover Stout Risius Ross in a suit alleging the investment bank's bad valuation services made its client liable for a $30 million judgment, saying Friday that Stout was aware of the underlying claim before the policy started.
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September 30, 2021
Investment Bank Not Covered For $30M Suit, Insurer Says
Aspen Specialty Insurance reasserted to a New York federal court that it has no obligation to cover investment bank Stout Risius Ross in a suit accusing the banker of providing bad valuation services to a client found liable for a $30 million judgment.
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September 09, 2021
Investment Bank Stout Fights Insurer Over Bad Advice Suit
Investment bank Stout Risius Ross LLC is fighting Aspen Insurance Co.'s attempt to get out of a suit seeking coverage for an underlying lawsuit, which claims Stout provided bad valuation services to a client ultimately found liable for a $30 million judgment.