United States Seventh Circuit

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LEVEL 3 COMMUNICATIONS, INC. v. FED. INS. CO., 01-1806

Director's and Officers policy does not cover a claim where plaintiff's alleged defendant fraudulently induced them to sell shares to defendant because the claim is akin to restitution even if the plaintiff's characterize the claim as for "damages."

Appellate Information

  • Argued 10/25/2001
  • Decided 11/26/2001
  • Published 11/26/2001

Judges

  • POSNER, Circuit Judge., Before BAUER, POSNER, and EVANS, Circuit Judges.

Court

  • United States Seventh Circuit

Counsel

  • For Appellees:
  • Brett A. Bakke,Brian D. Sieve (argued), Kirkland & Ellis, Chicago, IL, for Plaintiff-Appellee., Jonathan A. Constine (argued), Hogan & Hartson, Washington, DC, for Defendant-Appellant.
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