Louisiana High Court Refuses To Revisit Dispute Over Coverage For ERISA Claims

Mealey's (February 22, 2016, 12:19 PM EST) -- NEW ORLEANS — The Louisiana Supreme Court denied insureds’ writ application challenging an appeals court’s ruling that there is no primary or excess fiduciary liability or directors and officers liability insurance coverage for an underlying lawsuit spawned by a federal investigation of insureds' employee stock ownership plans (ESOPs), according to a Feb. 19 news release (Woody D. Bilyeu, et al. v. National Union Fire Insurance Company of Pittsburgh, Pa, et al., No. 2015-C -2277, La. Sup.).

Woody and Mary Bilyeu were owners of Comm-Craft Inc., which...
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