Thomas Dillon v. Continental Casualty Company
Case Number:
14-15802
Court:
Nature of Suit:
Companies
Sectors & Industries:
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April 22, 2016
9th Circ. Remands Continental Ponzi Scheme Coverage Case
The receiver for a company that ran a Ponzi-like real estate scheme gets another shot at forcing Continental Casualty Co. to cover the company's losses after the Ninth Circuit ruled Thursday the policy called for coverage, even though the principal's bad acting caused the losses.
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April 12, 2016
Continental Should Cover Ponzi Co. Losses, 9th Circ. Told
The receiver for a defunct company that ran a Ponzi-like real estate embezzlement scheme urged the Ninth Circuit on Tuesday to revive his suit to force Continental Casualty Co. to cover the company’s losses, arguing any recovery under the policy would go to the scheme’s victims and not the perpetrators.