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Medidata Solutions, Inc. v. Federal Insurance Company
Case Number:
1:15-cv-00907
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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July 24, 2017
Medidata Win Fortifies Policyholders In Digital Fraud Fights
A New York federal judge recently ruled that a thief's use of emails to trick employees of Medidata into wiring money overseas was a covered incident under the company's computer fraud policy, weakening insurers' arguments that such coverage is meant to apply only to hacking into policyholders' computers.
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July 21, 2017
Medidata Covered For $4.8M Computer Fraud, Judge Rules
Medidata Solutions Inc. is entitled to coverage from a Chubb Ltd. unit for a $4.8 million loss it suffered when it was tricked into wiring the money overseas, a New York federal judge ruled on Friday, holding that the incident constituted covered computer fraud under Medidata's crime policy.
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March 10, 2016
Medidata, Insurer Denied Wins In $4.8M Fraud Coverage Suit
A New York federal judge on Wednesday refused to determine whether or not Medidata Solutions Inc. is entitled to coverage from a Chubb unit for a $4.8 million loss it suffered when it was tricked into wiring the money overseas, saying there is not enough evidence to make a ruling.
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September 21, 2015
Medidata Slams Chubb Unit's Refusal To Cover $4.8M Fraud
Medidata Solutions Inc. struck back Friday against a summary judgment bid by Chubb Corp. unit Federal Insurance Co. in a dispute over coverage of a $4.8 million loss suffered by Medidata when it was tricked into wiring the money overseas, arguing the swindle qualified as fraudulent changes to data.
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September 18, 2015
Chubb Unit Says It Doesn't Owe Tech Co. For $4.8M Loss
Chubb Corp. unit Federal Insurance Co. urged a New York federal judge Friday to toss Medidata Solutions Inc.'s summary judgment bid to recoup losses suffered when the clinical research technology company was tricked into wiring $4.8 million to an overseas account, saying the company was tricked, not hacked.
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August 14, 2015
Hacking Policy Doesn't Cover $4.8M Fraud, Insurer Says
A Chubb Corp. unit and Medidata Solutions Inc. traded barbs in New York federal court Thursday in a coverage dispute over losses suffered as a result of a fraudulent scheme that induced the clinical research technology company to wire $4.8 million to an overseas account.
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February 10, 2015
Duped Tech Co. Says Chubb Unit Must Cover $4.8M Fraud
Clinical research technology company Medidata Solutions Inc. sued a Chubb Corp. unit Monday in New York federal court, alleging the insurer wrongly denied coverage for $4.8 million in losses Medidata suffered as a result of fraudulent scheme that induced the company to wire money to an overseas account.