September 11, 2023
A group of insurers reached a settlement with a real estate investment company and its leaders, ending the insurers' bid to deny coverage for underlying suits alleging the company promoted bogus tax schemes that exposed investors to IRS scrutiny.
July 18, 2023
A Georgia company accused of promoting conservation easement schemes that exposed investors to tax scrutiny asked a Georgia federal court to let a jury decide whether it should have insurance coverage for underlying suits over the matter.
October 13, 2022
A group of insurers shouldn't be allowed to dodge coverage obligations to a real estate investment company in underlying fraud lawsuits, the firm told a Georgia federal court, arguing that state law requires a jury to decide a key component of whether a policy exclusion applies.
September 15, 2022
A company isn't covered in underlying litigation contending it promoted conservation easement transactions that exposed investors to Internal Revenue Service scrutiny because it knew several transactions had been disallowed before an effective date in its insurance policy, the company's insurers told a Georgia federal court.
July 25, 2022
A Georgia federal court shouldn't pause a suit brought by a group of insurers seeking to avoid covering a company's defense against litigation contending it promoted conservation easement schemes that exposed investors to IRS scrutiny, the underwriters argued.
December 22, 2021
A group of insurers are not obligated to cover a company's defense against suits contending it promoted conservation easement schemes that exposed investors to IRS scrutiny, the carriers told a Georgia federal court, arguing the company knew the litigation risk.