Federal Judge Dismisses Hertz’s Coverage Suit Arising From SEC Investigation

Mealey's (March 31, 2021, 10:08 AM EDT) -- NEW YORK — A federal judge in New York on March 30 granted insurers’ motion to dismiss Hertz Global Holdings Inc.’s breach of contract lawsuit seeking coverage for an underlying investigation by the Securities and Exchange Commission, finding that the policy language “unambiguously excludes” the SEC investigation from coverage....