Insurer Needn't Cover $3.3M Securities Scam Settlements

By Hope Patti · September 23, 2025, 6:54 PM EDT

An insurer for a securities broker-dealer does not owe coverage for $3.3 million the company paid to settle claims that an employee defrauded clients, a New York federal court ruled Tuesday,...

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Documents

Case Information

Case Title

Cadaret, Grant & Co., Inc. v. Great American Insurance Company

Case Number

2:21-cv-06665

Court

New York Eastern

Nature of Suit

Insurance

Date Filed

December 01, 2021