Judge: Investors’ Claims Are Not Covered Under Errors, Omissions Liability Policy

Mealey's (March 13, 2019, 6:00 PM EDT) -- SALT LAKE CITY — A Utah federal judge on March 1 found that an errors and omissions liability insurer has no duty to defend and indemnify its insured against underlying lawsuits brought by investors alleging that they suffered losses on options trading  (Allegis Investment Services LLC, et al. v. Arthur Gallagher & Co., et al., No. 17-515, D. Utah, 2019 U.S. Dist. LEXIS 33328)....