Hallmark Specialty Insurance Company v. Sentia Wellness, Inc.
Case Number:
3:23-cv-00075
Court:
Nature of Suit:
Judge:
Firms
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March 23, 2023
Insurer's Bid To Duck Fraud Suit Is Premature, CBD Co. Says
An excess insurer can't yet seek a declaration that it does not need to cover a CBD business for underlying actions alleging that its directors and officers committed securities fraud, the business told an Oregon federal court, asking it to stay the carrier's suit.
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January 18, 2023
CBD Co. Not Covered In Investor Fraud Dispute, Insurer Says
A CBD business is not entitled to coverage for underlying actions alleging that the company's directors and officers committed securities fraud by misleading investors to purchase over $74 million in debentures, an excess insurer told an Oregon federal court, saying the conduct took place before its policy was in effect.