September 28, 2012
Merrick Bank Corporation v. Chartis Specialty Insurance Company
Case Number:
1:12-cv-07315
Court:
Nature of Suit:
Judge:
Firms
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Reflects complaints, answers, motions, orders and trial notes entered from Jan. 1, 2011.
Additional or older documents may be available in Pacer.
Coverage
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November 28, 2016
Chartis Concocted Reason To Nix $18M Payout, Merrick Says
Merrick Bank Corp. told a New York federal jury Monday that Chartis Specialty Insurance Co. "concocted" an after-the-fact equivalency between an escrow account and a merchant reserve account to avoid paying $18 million in uncollected chargebacks when charter airline Direct Air went bankrupt in 2012.
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