November 15, 2023
Two lenders asked the Tenth Circuit to reconsider a ruling that foiled their ability to collect $2 million under an accounting firm's insurance policy, saying a panel improperly found that three audits the firm conducted that failed to uncover a mortgage company's fraud are interrelated.
October 17, 2023
Three audits conducted by an accounting firm that failed to uncover a mortgage company's fraud are interrelated and thus constitute one claim under the firm's insurance policy, a Tenth Circuit panel said, partially reversing a ruling allowing a pair of lenders to collect $2 million from the firm's insurer.