Mealey's (August 5, 2019, 1:15 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on July 30 affirmed a lower federal court’s ruling that a profit management liability insurer has no duty to defend its insureds against underlying claims that they made false representations during negotiations of and in an equity interest purchase agreement (Julie Gleason, et al. v. Markel American Insurance Co., No. 18-40850, 5th Cir., 2019 U.S. App. LEXIS 22546)....