Great American Fidelity Insurance Company v. Stout Risius Ross, Inc. et al
Case Number:
2:19-cv-11294
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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April 10, 2024
6th Circ. Says Firm Owes Insurer Part Of Defense Bill
A financial advisory firm's professional liability insurer had no duty to defend the company in underlying securities suits after underlying plaintiffs removed their common law violations, the Sixth Circuit ruled, further allowing the insurer to be reimbursed for some of its defense costs.
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March 03, 2023
Investment Bank, Insurer Appeal $60K Stock Suit Ruling
Stout Risius Ross and its insurer notified a Michigan federal court that they are each appealing a judgment that permitted the insurer to be reimbursed $60,000, which is only part of what it spent defending the advisory firm in an underlying stock suit.
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November 01, 2022
Insurer Gets $60K Repayment In Stock Suit Coverage Fight
A Michigan federal judge on Tuesday granted part of an insurer's request to recoup what it spent defending Stout Risius Ross in a suit accusing the advisory firm of providing faulty stock valuations, permitting the insurer to be reimbursed roughly $60,000.
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August 04, 2022
Insurer Seeks Repayment For Coverage Of Stock Advice Suit
Great American Fidelity Insurance asked a Michigan federal court for a quick win to recoup what it spent defending Stout Risius Ross in a suit accusing the advisory firm of providing faulty stock valuations.
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April 06, 2021
Firm Seeks To Keep Win In Stock Overvaluation Coverage Suit
Stout Risius Ross has asked a Michigan federal judge to reject Great American Fidelity Insurance Co.'s second bid to escape coverage for a suit accusing the advisory firm of providing faulty stock valuations, saying the policy's ERISA and securities law exclusion doesn't absolve the insurer of its defense.
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March 04, 2021
Insurer Can Resume Stock Overvaluation Suit Coverage Row
A Michigan federal judge ruled on Thursday that Great American Fidelity Insurance Co. can restart its bid to dodge coverage of a lawsuit accusing advisory firm Stout Risius Ross of faulty stock valuations, reasoning that the stock suit has been reduced to just one claim that's ineligible for coverage.
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February 07, 2020
Insurer Must Defend Adviser In Stock Overvaluation Suits
A Michigan federal judge on Friday ruled that Great American Fidelity Insurance Co. must continue to defend advisory firm Stout Risius Ross against claims that it cost Appvion Inc.'s employee stock ownership plan millions by overvaluing shares of the papermaker's parent company.
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August 30, 2019
Financial Advisers Seek To Nix Insurer's Coverage Suit
Three current and former employees of financial advisory firm Stout Risius Ross Inc. are saying Great American Fidelity Insurance Co. is asking the wrong court to excuse it from defending them against claims they falsely inflated a company's stock value.
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May 06, 2019
Adviser Not Covered For Appvion ESOP Suits, Insurer Says
Great American Fidelity Insurance Co. has urged a Michigan federal court to declare it doesn't have to defend Stout Risius Ross against claims that the advisory firm cost an Appvion employee stock ownership plan millions by overvaluing the shares of the papermaker's parent company.