CANTALOUPE, INC. v. AXIS INSURANCE COMPANY

  1. May 07, 2024

    Cashless Pay Co., Axis Toss Securities Action Coverage Row

    An electronic payments company and Axis Insurance Co. voluntarily tossed their dispute Tuesday over coverage for a consolidated securities action and other claims alleging that certain company executives breached their fiduciary duties through financial reporting and accounting failures.

  2. January 12, 2024

    Axis Loses Reconsideration Bid In Prior Knowledge Dispute

    Axis Insurance Co. must continue to face a cashless payment company's breach of contract claim that is slated for a jury in its suit seeking excess coverage for underlying securities actions, a Pennsylvania federal judge ruled, saying a dispute remains over what the company knew when it entered into the policy.

  3. November 29, 2023

    Judge Trims Pay Co. Coverage Fight Over Securities Actions

    A Pennsylvania federal judge trimmed a cashless payment company's lawsuit seeking excess coverage for underlying securities actions, saying a jury should weigh in on the surviving breach of contract claim, which the insurer argued is dismantled by a prior knowledge exclusion.

  4. October 10, 2023

    Pay Co. Should Have Known Claim Was Possible, Insurer Says

    An electronic payment company's lawsuit seeking excess coverage for underlying securities actions should be dismissed, an excess insurer told a Pennsylvania federal court, saying a prior knowledge exclusion applies because the company should have known a claim against it was possible.

  5. January 06, 2022

    Cashless Pay Co. Says Insurer Owes It $5M In Securities Row

    Electronic payment company Cantaloupe told a Pennsylvania federal court that one of its excess insurers owes it $5 million in coverage for underlying securities actions that claimed a series of financial reporting and accounting failures.