N.Y. Justice Denies Insurers’ Motion To Dismiss Securities Fraud Coverage Dispute

Mealey's (February 1, 2022, 11:30 AM EST) -- NEW YORK — A New York justice on Jan. 11 denied a group of defendant insurers’ cross-motion to dismiss claims against them in a lawsuit alleging that they failed to defend and advance defense costs accrued by the insured in underlying actions brought by the U.S. Securities and Exchange Commission and the U.S. Department of Justice....