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Insured’s Conduct Amounts To Recommendation Of Illegal Tax Shelters, Panel Affirms

Mealey's (August 6, 2015, 1:53 PM EDT) -- CINCINNATI — The Sixth Circuit U.S. Court of Appeals on Aug. 4 affirmed a lower federal court’s ruling that there is no coverage for two underlying lawsuits alleging that an insured committed negligence and fraud with respect to its provision of professional services pertaining to tax documents (Financial Strategy Group PLC v. Continental Casualty Company, No. 14-6296, 6th Cir.).

(Opinion available. Document #13-150820-001Z.)

Continental Casualty Co. refused to defend Financial Strategy Group (FSG) against two claims arising out of FSG's performance of professional services. On May...
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