California Court of Appeal
Crown Capital Securities v. Endurance Amer. Specialty Ins. Co., B256241
In an insurance coverage dispute involving a securities firm that did not fully disclose all facts relating to an underlying action brought by firm customers against the firm based on bankrupt real estate investments the firm's broker-dealers recommended, the trial court's judgment in favor of insurer is affirmed where the court correctly ruled that there was no insurance coverage because all of the undisclosed claims arose out of the same events as the disclosed claim and therefore the facts underlying the undisclosed claims should have been disclosed.
Appellate Information
- Decided 04/10/2015
- Published 04/10/2015
Judges
- Mosk
Court
- California Court of Appeal