4th Circuit Affirms Judgment For Insolvent Insurer In Breach Of Contract Suit

Mealey's (February 21, 2023, 10:23 AM EST) -- RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeals affirmed a district court’s grant of summary judgment to an insurer in rehabilitation in its breach of contract suit against a wealth management firm for violating a loan agreement, finding that the wealth management firm failed to provide “triable issues” about whether purported offers of alternative financing could have prevented the breach....