CIM, LLC v. Series Protected Cell 1, A Series of Oxford Insurance Company TN, LLC
Case Number:
3:23-cv-00479
Court:
Nature of Suit:
Judge:
Firms
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October 30, 2023
Insurer Denied Early Win In $1.5M Fraud Loss Dispute
An insurer failed to escape a wealth management company's lawsuit seeking coverage for a $1.5 million wire fraud loss, with a Tennessee federal court finding that the insurer hasn't yet established that it is entitled to judgment on the pleadings.
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July 12, 2023
Insurer Says No Coverage For Finance Co.'s $1.5M Fraud Loss
A New York wealth management company's $1.5 million wire fraud loss is not covered by its insurance policy, the company's insurer told a Tennessee federal court, arguing that the loss was excluded because it occurred after an employee was duped into fraudulently transferring money from personal accounts.
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May 12, 2023
Wealth Manager Says Insurer Should Cover $1.5M Wire Fraud
A New York wealth manager who lost over $1.5 million after his employee was duped into fraudulently transferring large sums of money from his personal accounts told a Tennessee federal court his insurer should cover his losses.