Great American Fidelity Ins Co v. Stout Risius Ross, Inc., et al
Case Number:
23-1167
Court:
Nature of Suit:
Companies
Sectors & Industries:
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April 10, 2024
6th Circ. Says Firm Owes Insurer Part Of Defense Bill
A financial advisory firm's professional liability insurer had no duty to defend the company in underlying securities suits after underlying plaintiffs removed their common law violations, the Sixth Circuit ruled, further allowing the insurer to be reimbursed for some of its defense costs.
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January 25, 2024
6th Circ. Won't Reverse 'Willy-Nilly' For Investment Firm
A Sixth Circuit panel told investment firm Stout Risius Ross Inc. it wouldn't reverse a Michigan federal court's decision "willy-nilly" at oral arguments Thursday, when the firm sought to prevent partial reimbursement for underlying stock valuation litigation while its insurer continued to fight for total payback.