Federal Judge Remands Professional Liability Coverage Suit Against Lloyd’s Of London

(February 4, 2020, 9:17 AM EST) -- SHERMAN, Texas — A federal judge on Jan. 31 granted insureds’ motion to remand their breach of contract lawsuit seeking professional liability coverage for an underlying trade secret dispute, finding that Certain Underwriters at Lloyd’s London have failed to satisfy their burden of establishing that the jurisdictional amount is met as to each member who belongs to the Lloyd’s syndicates and bear the liability for the risk (Xome Settlement Services, LLC, et al. v. Certain Underwriters at Lloyds, London, No. 18-00837, E.D. Texas, 2020 U.S. Dist. LEXIS 16516)....