Carolina Casualty Ordered To Pay $17M Arbitration Award

Carolina Casualty Ordered To Pay $17M Arbitration Award

Law360 (June 30, 2021, 5:22 p.m. EDT) – A Florida panel said Tuesday that Carolina Casualty Insurance Co. is set to receive a $ 17 million arbitration award from a bankrupt medical device distributor against its policyholder, concluding that a breach of contract exclusion does not preclude coverage.

The First District Court of Appeals panel ruled that the indemnity was covered by a management liability policy that the insurer in Jacksonville, Fla. Issued to Santa Barbara Medical Innovations Inc., because the claims filed by Primcogent LLC’s bankruptcy trustee, John D. Spicer, arose not solely from an asset purchase agreement between the two companies, but rather from the false statements made by SMBI to Primcogent about the …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!

Bankruptcy Help Near Me

Bankruptcy USA Map