Great Am. Fid. Ins. Co. v. Stout Risius Ross, Inc.

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Full Text of Court Cases
August 23, 2021
6399 Insurance Carriers, NEC
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ESOP valuations
securities law violations, stock, insurance, indemnification/contribution

Great Am. Fid. Ins. Co. v. Stout Risius Ross, Inc.
2021 U.S. Dist. LEXIS 158553; 2021 WL 3772876
US
Federal Court
Michigan
United States District Court
Michelson, Whalen

Summary

This case featured a motion to dismiss a claim from an insured that the plaintiff, Great American, was required to defend the defendant, Stout, against a claim by ESOP plaintiffs that Stout committed “federal securities fraud.” While the Great American policy covered valuation services, the policy also featured an exclusion for claims against the insured for securities violations.
Great Am v Stout Risius Ross
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See Also

Malpractice Insurer Not Required to Defend Valuation Firm for Claim Alleging Securities Fraud

This case featured a motion to dismiss a claim from an insured that the plaintiff, Great American, was required to defend the defendant, Stout, against a claim by ESOP plaintiffs that Stout committed “federal securities fraud.” While the Great American policy covered valuation services, the policy also featured an exclusion for claims against the insured for securities violations.