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

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.

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.

In re Marriage of Hashemian

California approves excess earnings and “formula” approach to valuing atypical life insurance firm, based on industry compensation and revenue data.

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