Old Guard Insurance Company v. Riverway Property Management, LLC et al
Case Number:
1:23-cv-01098
Court:
Nature of Suit:
Judge:
Firms
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September 09, 2024
Insurer Needn't Cover Lab Fraud Suits, Ill. Judge Rules
An insurer has no obligation to defend or indemnify a property management company or its owner in two underlying lawsuits accusing the owner of concealing financial information from a minority owner in a jointly formed laboratory, an Illinois federal judge said, finding that the underlying suits alleged intentional misconduct.
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December 05, 2023
Insurer Says No Coverage For 2 Lab Embezzlement Suits
An insurer told an Illinois federal court Tuesday that it has no obligation to defend or indemnify a property management company or its owner in two underlying suits accusing the owner of embezzling from a medical lab company he partially owned, adding the lab as a defendant.