WCF National Insurance Company v. Gilligan Commercial LLC et al
Case Number:
2:24-cv-03497
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Firms
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September 29, 2025
Insurer Loses Bid To Ax Coverage Of $1.35M Wire Loss Fight
An Arizona federal court on Monday tossed an insurer's action seeking to avoid covering a brokerage firm in an underlying state court suit alleging it caused an audio company's buyer to lose $1.35 million through an incorrect wire transaction, finding both cases turn on the same factual issues.
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December 12, 2024
Insurer Seeks Exit From $1.35M Wire Loss Dispute
A broker accused of negligently causing a buyer to lose roughly $1.35 million in a business acquisition because of a wrong email address should receive no coverage, its insurer told an Arizona federal court, citing three separate exclusions in the broker's business owners liability policy.