Federal Judge Dismisses Directors, Officers Liability Insurance Dispute
(August 16, 2016, 3:34 PM EDT) -- LOS ANGELES — A California federal judge on June 24 dismissed with prejudice a nonprofit mutual-benefit corporation insured’s breach of contract and bad faith lawsuit against its directors and officers liability insurer the same day the parties filed a joint motion to dismiss (Market Lofts Community Association v. National Union Fire Insurance Company of Pittsburgh, Pa., No. 15-03093, C.D. Calif.).
(Order available. Document #13-160818-018R.)
On Nov. 2, 2011, Market Lofts Community Association sued developer 9th Street Market Lofts LLC, garage owner CIM 830 S. Flower Inc....