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."
- Argued 10/25/2001
- Decided 11/26/2001
- Published 11/26/2001
- POSNER, Circuit Judge., Before BAUER, POSNER, and EVANS, Circuit Judges.
- United States Seventh Circuit
- 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.