Synnex Corporation v. Axis Insurance Company

  1. December 08, 2023

    Coverage Fight Over $14M Hardware Theft Dropped After Deal

    A California federal court tossed a dispute between IT distribution company Synnex Corp. and Axis Insurance Co. over coverage for a nearly $14 million theft of computer hardware from Synnex's warehouse in Mexico City, after the parties told the court in October they reached a settlement.

  2. March 22, 2023

    Co. Scores Partial Win In $13M Stolen Software Coverage Suit

    A California federal court handed a partial win to a company in a $13 million coverage suit over stolen hardware and software from a warehouse in Mexico City, finding a guard who participated in the theft is covered under a leased employee provision in the company's crime policy.

  3. December 19, 2022

    Guards Accused In $13M Theft Not Employees, Insurer Says

    Security guards accused of participating in the theft of $13 million in computer hardware and software from a company's warehouse don't trigger coverage under a crime policy, the company's insurer told a California federal court, arguing that the guards don't fit the policy's definition of "employee."

  4. December 05, 2022

    Co. Says Guard's Participation In Theft Triggers Coverage

    A company that had $13 million in computer hardware and software stolen from one of its warehouses is covered under a crime policy, the company told a California federal court, saying an employee theft provision was triggered because guards at the warehouse participated in the theft.