Magistrate Tosses Coverage Suit Over Employee Theft After Parties Reach Settlement

Mealey's (January 22, 2019, 4:06 PM EST) -- PHILADELPHIA — A Pennsylvania federal magistrate on Jan. 14 signed an order dismissing with prejudice a coverage dispute arising from the alleged theft of an insured's employee stock ownership plan assets by a former employee after the parties announced that they had reached a settlement (Barbie Spear, et al. v. Westfield Insurance Company, No. 15-00582, E.D. Pa.)....