2nd Circuit Stands By $5.8M Judgment In Coverage Dispute Over Computer Fraud

Mealey's (August 31, 2018, 4:16 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Aug. 23 denied an insurer’s petition for a panel rehearing of its ruling that a firm's multimillion-dollar loss due to a fraudulent wire transfer scheme constituted computer fraud under an executive protection insurance policy (Medidata Solutions Inc. v. Federal Insurance Company, No. 17-2492, 2nd Cir.)....