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Monthly Archives: June 2019

SEC v. Stanford International Bank Ltd.

(United States Fifth Circuit) – Addressed insurance coverage issues in a securities fraud case. Held that the district court abused its discretion in approving a settlement agreement and so-called bar orders. Vacated and remanded for further proceedings, in this case involving a financial firm’s massive…

Ekhlassi v. National Lloyds Insurance Co.

(United States Fifth Circuit) – In an insurance coverage case, held that a homeowner delayed too long before bringing suit over a flood insurance claim. Affirmed summary judgment in favor of the insurer, holding that the suit was time-barred.

Fidelity and Deposit Co. v. Edward E. Gillen Co.

(United States Seventh Circuit) – Held that a construction company’s surety (an insurance company) may not augment its contractual indemnification rights with the ancient doctrine of quia timet — equitable protection from probable future harm. The construction company allegedly had gone belly up on a…

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