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Results: 1-10 of 67

Sixth Circuit finds no bankruptcy exception to prohibition against direct actions in Tennessee
  • Wiley Rein LLP
  • USA
  • February 24 2014

The Court of Appeals for the Sixth Circuit held that no exception exists to Tennessee's general prohibition on direct actions against an insurer


Suit for misuse of investment funds does not allege act in performance of “mortgage broker services” within definition of “insured services”
  • Wiley Rein LLP
  • USA
  • October 8 2013

The United States District Court for the Northern District of Texas has held that underlying claims that the insureds misused investment


Trustees have no standing to object to disbursement of policy proceeds in interpleader action
  • Wiley Rein LLP
  • USA
  • July 20 2012

The United States Bankruptcy Court for the District of Delaware, applying federal law, has held that a Liquidation Trustee and a Litigation Trustee (the Trustees) did not have standing to object to the disbursal of policy proceeds in an insurer’s interpleader action because they had no existing claims or realistic potential claims for coverage under the policy


Unfair trade practices exclusion inapplicable to claims arising under fair debt collection statutes, statutory damages covered
  • Wiley Rein LLP
  • USA
  • June 11 2013

The United States District Court for the Middle District of Pennsylvania has held that an E&O policy issued to a now-bankrupt credit counseling


Controlling shareholder’s bankruptcy does not render entity insolvent; fraud claim uninsurable as a matter of law
  • Wiley Rein LLP
  • USA
  • April 9 2013

Applying Minnesota law, a federal district court has held that, where an entity's principal shareholder was insolvent, but the entity was not, the


Judgment creditor collaterally estopped by default judgment against insured
  • Wiley Rein LLP
  • USA
  • May 20 2013

The United States District Court for the Northern District of Georgia, applying Georgia law, has held that a default judgment against an insured in a


Federal district court reverses bankruptcy court ruling allowing appointment of “special insurance counsel”
  • Wiley Rein LLP
  • USA
  • April 28 2008

The United States District Court for the Central District of California has reversed a bankruptcy court ruling allowing two law firmsSnyder Miller & Orton LLP (SMO) and Morgan Lewis & Bockius LLP (MLB)to serve as "special insurance counsel" to address insurance and insurance-coverage-litigation-related matters under the narrow special purpose standards of 327(e


Insurers granted relief from automatic stay to pursue a coverage action against Federal-Mogul Global
  • Wiley Rein LLP
  • USA
  • May 17 2007

In an April 24, 2007 order, the United States Bankruptcy Court for the District of Delaware granted certain insurers' motion for leave to pursue a coverage action against the debtor, Federal-Mogul Global, Inc., in New York state court regarding the debtor's asbestos liability


Bankruptcy trustees not entitled to injunctive relief that would give them priority to D&O policy proceeds
  • Wiley Rein LLP
  • USA
  • May 15 2007

The United States Bankruptcy Court for the District of Massachusetts has denied injunctive relief requested by two bankruptcy trustees seeking to stay the prosecution and settlement of shareholder actions proceeding against various former officers and directors of a bankrupt corporation


Bankruptcy court orders advancement of defense costs without adjudicating insurer’s coverage defenses
  • Wiley Rein LLP
  • USA
  • October 12 2007

The United States Bankruptcy Court for the Southern District of New York granted preliminary injunctions ordering a directors and officers liability insurer to advance defense costs, despite the fact that the insurer had denied coverage, and without adjudicating the coverage defense