Federal Judge Transfers Coverage Dispute Arising From Alleged ‘Sham’ Investments

(July 28, 2016, 1:34 PM EDT) -- DULUTH, Minn. — A Minnesota federal judge on July 26 granted an investment adviser’s motion to transfer an insurer’s lawsuit seeking a declaration that it has no duty to defend against an underlying action brought by the investment adviser’s former client (Everest Indemnity Insurance Co. v. Daniel Ro., No. 16-1064, D. Minn.; 2016 U.S. Dist. LEXIS 97698)....

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