Mealey's (November 28, 2017, 5:43 PM EST) -- LOS ANGELES — A California federal judge on Nov. 16 held that an insurer has no duty to defend or indemnify against underlying lawsuits alleging that an insured’s directors and officers participated in a scheme to transfer encumbered properties to their relatives while avoiding banks' interests in the properties (Ocean Towers Housing Corporation v. Evanston Insurance Co., No. 15-6461, C.D. Calif., 2017 U.S. Dist. LEXIS 190738)....