Allianz Global Risks US Insurance Company v. Santander Holdings USA, Inc.

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Case Number:

1:24-cv-12377

Court:

Massachusetts

Nature of Suit:

Insurance

Multi Party Litigation:

Class Action

Judge:

Leo T. Sorokin

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Companies

Sectors & Industries:

  1. October 18, 2024

    Allianz, Santander End Shareholder Suit Coverage Fight

    Allianz has agreed to drop its request in Massachusetts federal court for a ruling that it is not obligated to cover Santander Holdings' defense in a now-settled 2022 shareholder lawsuit, a recent filing showed.

  2. September 19, 2024

    No Coverage For Santander Shareholder Suit, Allianz Says

    Allianz told a Massachusetts federal court that it doesn't owe coverage to Santander Holdings for an underlying class action brought by shareholders over the company's $2.5 billion deal to take its consumer finance entity private, arguing that multiple exclusions bar coverage for claims arising from the transaction.