Financial Strategy Group, PLC v. Continental Casualty Company
Case Number:
14-6296
Court:
Nature of Suit:
Companies
Sectors & Industries:
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August 05, 2015
6th Circ. Won't Allow Coverage For Tax Shelter Lawsuits
The Sixth Circuit on Tuesday held that Financial Strategy Group PLC could not seek coverage from Continental Casualty Co. for a pair of lawsuits accusing the financial services firm of authorizing the use of illegal tax shelters, ruling that the alleged activity fell under a policy exemption.
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February 10, 2015
Finance Co. Asks 6th Circ. To Reverse Tax Shelter Exclusion
Financial services firm Financial Strategy Group PLC asked the Sixth Circuit Monday to reverse a lower court ruling that said Continental Casualty Co. isn't obligated to cover Financial Strategy in lawsuits over its accounting practices because the claims fell into a tax shelter exclusion.