Bank of Southern California, N.A. et al v. Everest National Insurance Company et al
Case Number:
3:22-cv-00737
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October 04, 2022
Calif. Bank, Insurer To Settle D&O Coverage Dispute
A California bank and its insurer have agreed to settle a dispute in federal court over whether the bank should receive coverage for an underlying suit accusing the financial institution of poaching employees and clients from another bank.
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August 24, 2022
Calif. Bank's Bid For Poaching Suit Coverage Partially Tossed
A California federal court threw out a bank's bid to have its insurer contemporaneously reimburse it for expenses in underlying litigation stemming from alleged employee poaching but said the request could be included as an alternative remedy to a separate claim.
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July 25, 2022
Insurer Says Bank's D&O Defense Coverage Is Limited
An Everest Re unit asked a California federal court to grant its request to toss part of a bank's suit seeking directors and officers coverage, arguing that the policy does not require contemporaneous reimbursement of defense costs that would give rise to a specific performance claim.
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July 11, 2022
Insurer Can't Trim D&O Defense Coverage Suit, Bank Says
A bank urged a California federal court to reject an Everest Re unit's bid to toss part of a suit seeking directors and officers coverage, arguing that the insurer must face a claim that it be required to contemporaneously reimburse the bank for its expenses in underlying litigation.