Virtu Financial Inc. et al v. AXIS Insurance Company

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Case overview

Case Number:

1:20-cv-06293

Court:

New York Southern

Nature of Suit:

Insurance

Judge:

George B. Daniels

Firms

Companies

Sectors & Industries:

  1. February 18, 2022

    Virtu, Axis End $11M Hacking Coverage Fight

    Virtu Financial Inc. formally ended its coverage suit against Axis Insurance Co. over nearly $11 million in losses it suffered in a 2020 hacking incident, a move that comes one month after the parties reached an agreement in principle to settle the matter.

  2. January 20, 2022

    Virtu, Axis Near Settlement In $11M Hacking Coverage Fight

    Virtu Financial Inc. has reached an agreement in principle with Axis Insurance Co. to settle its suit over a 2020 hacking incident that the financial services company said caused nearly $11 million in losses, the parties told a New York federal court.

  3. September 21, 2021

    Virtu's Access To Insurer's Files Curbed In $11M Hacking Fight

    A New York federal court barred Virtu from seeking documents from a third party that the court has already determined are irrelevant to the financial services provider's claims that Axis Insurance wrongly refused to cover $11 million it lost in a hacking incident.

  4. August 31, 2021

    Virtu Gets Some Access To Insurer's Files In Hacking Fight

    A New York federal judge said Virtu can compel Axis Insurance Co. to produce some underwriting documents in its suit claiming the insurer wrongly refused to cover $11 million lost in a hacking incident, but declined to let the financial giant see other documents regarding changes to its policy forms.

  5. August 11, 2020

    Virtu Sues Insurer For Not Covering $11M Hacking Fraud

    AXIS Insurance Co. breached its contract with Virtu Financial Inc. by failing to cover $11 million lost in an email hacking incident, the financial giant alleged in a new suit filed in New York federal court Monday.