(October 11, 2016, 1:15 PM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals held oral argument on Sept. 19 in a case involving a Texas state judgment assigning rights to an insurance contract and a federal lawsuit in Illinois seeking access to the insurance proceeds (Diane M. Hendricks and Hendricks Holding Company Inc. v. Novae Corporate Underwriting Ltd., No. 16-1712, 7th Cir.).

Diane Hendricks and Hendricks Holding Co. Inc. (the Hendricks plaintiffs) and American Patriot Insurance Co. Inc. sued Cunningham Lindsey Claims Management Inc. (CL) in the U.S. District Court...