Insured Seeks Rehearing Of No Coverage Ruling For Fraud Suit Over Sale Of Facility

Mealey's (July 25, 2022, 12:44 PM EDT) -- PASADENA, Calif. — An insured on July 22 filed a petition for a panel rehearing of the Ninth Circuit U.S. Court of Appeals’ July 8 ruling that affirmed a lower federal court’s dismissal of its action seeking defense for an underlying fraud lawsuit arising from its sale of a manufacturing facility in Mexico, arguing that the panel “overlooked or misapprehended” a material factual distinction between general “contract” and “breach of contract” exclusions....