Judge Refuses To Dismiss Suit Seeking Directors, Officers Liability Coverage
Mealey's (August 11, 2015, 12:42 PM EDT) -- LOS ANGELES — A California federal judge on July 30 denied a directors and officers liability insurer’s motion to dismiss a breach of contract and bad faith lawsuit brought by its nonprofit mutual-benefit corporation insured (Market Lofts Community Association v. National Union Fire Insurance Co. of Pittsburgh, Pa., No. 15-03093, C.D. Calif.; 2015 U.S. Dist. LEXIS 100691).
(Order available. Document #13-150806-028R.)
On April 4, 2014, Market Lofts Community Association sued National Union Fire Insurance Company of Pittsburgh, PA, in the U.S. District Court for the Central...