Judge Denies Motions To Certify Appeal, Stay Coverage Suit Over Pension Plan Claims

Mealey's (November 6, 2015, 12:00 PM EST) -- GULFPORT, Miss. — A Mississippi federal judge on Nov. 3 denied an insurer’s motion seeking permission to appeal a ruling last month that held that the more than $1.4 million in defense costs paid by the insurer in an underlying pension plan dispute should not be deducted from the insured’s $1 million fiduciary liability coverage limit, further denying the insurer’s and insured’s motions to stay (Federal Insurance Co. v. Singing River Health System, No. 15-236, S.D. Miss., Southern Div.; 2015 U.S. Dist. LEXIS 148132).

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