February 18, 2022
Virtu Financial Inc. formally ended its coverage suit against Axis Insurance Co. over nearly $11 million in losses it suffered in a 2020 hacking incident, a move that comes one month after the parties reached an agreement in principle to settle the matter.
January 20, 2022
Virtu Financial Inc. has reached an agreement in principle with Axis Insurance Co. to settle its suit over a 2020 hacking incident that the financial services company said caused nearly $11 million in losses, the parties told a New York federal court.
September 21, 2021
A New York federal court barred Virtu from seeking documents from a third party that the court has already determined are irrelevant to the financial services provider's claims that Axis Insurance wrongly refused to cover $11 million it lost in a hacking incident.
August 31, 2021
A New York federal judge said Virtu can compel Axis Insurance Co. to produce some underwriting documents in its suit claiming the insurer wrongly refused to cover $11 million lost in a hacking incident, but declined to let the financial giant see other documents regarding changes to its policy forms.
August 11, 2020
AXIS Insurance Co. breached its contract with Virtu Financial Inc. by failing to cover $11 million lost in an email hacking incident, the financial giant alleged in a new suit filed in New York federal court Monday.