Panel Vacates, Remands Denial Of Insurer’s Intervention In Forfeiture Proceedings

(February 14, 2018, 12:45 PM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Feb. 13 vacated and remanded a lower federal court’s dismissal of an insurer’s petition to assert a third-party interest in a criminal forfeiture proceeding but denied the insurer’s appeal of the lower court’s denial of its request for restitution for $15 million that it paid its insured under the policy’s employee theft coverage (Federal Insurance Company v. United States of America, Nos. 16-2967 and 16-3402, 2nd Cir., 2018 U.S. App. LEXIS 3312)....

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