AKN Holdings, LLC v. Great American E & S Insurance
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July 11, 2022
9th Circ. Won't Revive PE Firm's 'El Chapo' Insurance Dispute
The Ninth Circuit on Friday rejected a private equity firm's bid to revive claims that its insurer must cover underlying fraudulent concealment litigation over a facility it sold that was overrun by El Chapo's drug cartel, finding that the insurer has no duty to defend the firm's conduct.
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June 17, 2022
Firm Faces Skeptical 9th Circ. In 'El Chapo' Insurance Dispute
A private equity firm faced a skeptical Ninth Circuit panel Friday in trying to revive claims that its insurer must cover underlying litigation over a facility it sold that was overrun by El Chapo's drug cartel, with two judges saying the firm appears to contradict arguments it made previously.
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January 11, 2022
Insurer Urges 9th Circ. To Toss Appeal In 'El Chapo' Dispute
Private equity firm AKN Holdings isn't entitled to coverage for a suit accusing it of concealing that a Mexican manufacturing facility it sold was overrun by the drug cartel led by Joaquín "El Chapo" Guzmán, the company's insurer told the Ninth Circuit.
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November 01, 2021
PE Firm Tells 9th Circ. It's Owed Defense In Fraud Suit
Private equity firm AKN Holdings asked the Ninth Circuit to revive its bid for coverage of an underlying suit that accuses AKN of perpetrating a $15 million scheme to use shell companies to defraud a Mexican real estate developer of rent payments.