Virtu Financial Inc. et al v. AXIS Insurance Company
Case Number:
1:20-cv-06293
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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.
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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.
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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.
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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.
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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.