The Fifth Circuit Court of Appeals held that settlement paid by insured financial services firm to client as a result of fraudulent wire transfer scheme could be covered under insured's D&O policy because it provided coverage for sums insured was "legally liable to pay" which could include contractual obligations, not just final judgments, and further held that a fact issue existed as to application of the policy's exclusion for "any services for or on behalf of others for a fee."
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