Judge: Insureds’ Material Misrepresentations As To $5M Employee Theft Bar Coverage

Mealey's (June 27, 2016, 10:50 AM EDT) -- NEW HAVEN, Conn. — A Connecticut federal judge granted judgment in favor of an insurer on June 27 in a lawsuit seeking recovery of more than $5 million in missing bank cash (Known Litigation Holdings, LLC v. Navigators Insurance Co., et al., No. 12-269, D. Conn.; 2016 U.S. Dist. LEXIS 82675).

(Judgment available. Document #13-160707-030Z. Ruling available. Document #13-160707-031Z.)

Domestic Bank conducted an audit of its ATMs that were serviced by New England Cash Dispensing Systems Inc. (NECD) and alleged that there was a more than...
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