Insured Says District Court’s Duty To Indemnify Ruling In D&O Coverage Suit Was Wrong

Mealey's (November 16, 2020, 9:04 AM EST) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals should reverse a district court’s ruling in favor of a directors and officers (D&O) liability insurer because the lower court erred in finding that the insurer had no duty to indemnify the insured for a potential negligence claim arising out of a fraudulent wire transfer, the insured says in an Oct. 19 appellant brief (HM International LLC v. Twin City Fire Insurance Co., No. 20-20122, 5th Cir.)....