(January 3, 2018, 1:41 PM EST) -- PASADENA, Calif. — A majority of the Ninth Circuit U.S. Court of Appeals on Jan. 2 affirmed a lower federal court’s finding that an insured’s material misrepresentation on an application for directors and officers liability insurance warranted rescission of the policy (Western World Insurance Company v. Professional Collection Consultants, No. 16-55470 and 15-2342, 9th Cir., 2018 U.S. App. LEXIS 73)....