Continental Casualty Company v. Marshall Granger & Company, LLP et al

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Case Number:

7:11-cv-03979

Court:

New York Southern

Nature of Suit:

Insurance

Judge:

Cathy Seibel

Firms

Companies

Sectors & Industries:

  1. June 07, 2016

    Insurer Wins Bid To Cancel Policy On Ex-Ponzi Execs

    Continental Casualty Co. prevailed in a five-year effort to rescind an accountants' professional liability policy issued to Ponzi-scheme tainted Marshall Granger & Co. LLP when a New York federal jury found Friday the insurer didn't unreasonably delay in its suit to cancel the coverage.

  2. February 12, 2016

    Insurer Continues Push For Bench Trial In Ponzi Scheme Row

    Continental Casualty Co. maintained Thursday that a New York federal judge should personally decide whether it "unreasonably delayed" its decision to rescind a policy issued to Marshall Granger & Co. LLP in light of a $2 million Ponzi scheme perpetrated by the firm's executives, claiming the judge could end the case in one fell swoop.

  3. January 29, 2016

    Insurer Fights Jury Trial Bid In Row Over $2M Ponzi Plot

    Continental Casualty Co. told a New York federal court Friday that a jury trial isn't needed to resolve its contention that it can rescind a policy issued to Marshall Granger & Co. LLP over its executives' $2 million Ponzi scheme, urging the court to instead hold a bench trial.

  4. March 13, 2015

    Continental Says It Can Still Ax Policy Over $2M Ponzi Plot

    Continental Casualty Co. told a New York federal court Friday there was good reason to wait seven months before suing to rescind a policy for Marshall Granger & Co. LLP over its ex-executives' $2 million Ponzi scheme, but a former client of the accounting firm said Continental waited too long.

  5. March 20, 2014

    NY Judge Holds Ponzi Schemer Misled Insurer, OKs Discovery

    A New York federal judge on Thursday held that an accounting firm tied to a $2 million Ponzi scheme made serious misrepresentations in its application for insurance from Continental Casualty Co., while allowing discovery into whether Continental promptly tried to rescind the policy.

  6. March 09, 2012

    Continental Wants Out Of Policy Tainted By Securities Scheme

    Continental Casualty Co. on Friday asked a federal judge to grant it summary judgment in a suit seeking to rescind its insurance policies to accounting firm Marshall Granger & Co. LLP after one of the firm's executives pled guilty to a fraudulent securities scheme.