9th Circuit: Exclusion Bars Coverage For Fraud Suit Over Sale Of Mexican Facility

Mealey's (July 12, 2022, 1:29 PM EDT) -- PASADENA, Calif. — The Ninth Circuit U.S. Court of Appeals on July 8 affirmed a lower federal court’s dismissal of an insured’s action seeking defense for an underlying fraud lawsuit arising from its sale of manufacturing facility in Mexico, agreeing with the insurer that the insurance policy’s breach of contract exclusion bars coverage....