Assigned Claims Were Released By Assignors, Judge Says In Fiduciary Liability Suit
Mealey's (August 19, 2016, 9:20 AM EDT) -- JACKSON, Miss. — A Mississippi federal judge held Aug. 16 that assigned claims against a fiduciary liability insurer were released by the assignors in a confidential settlement agreement and release, granting the insurer’s motion to dismiss a breach of contract and bad faith lawsuit (Vincent Sealey v. Beazley Insurance Co. Inc., et al., No. 15-768, S.D. Miss.; 2016 U.S. Dist. LEXIS 108340).
(Order available. Document #13-160901-001R.)
In 2002, Bruister & Associates Inc. (BAI), following the advice of attorney David R. Johanson, established an employee stock ownership...