Wiley Rein: Prior Proceeding Exclusion Does Not Bar Coverage for Qui Tam Action | Practical Law

Wiley Rein: Prior Proceeding Exclusion Does Not Bar Coverage for Qui Tam Action | Practical Law

This Law Firm Publication by Wiley Rein LLP discusses Ciena Capital LLC v. XL Specialty Ins.Co., No. 651452/2010 (N.Y. Sup. Ct. Mar. 26, 2012), a case where the Supreme Court of New York, New York County held that a policy's pending and prior proceedings exclusion did not bar coverage for a qui tam action brought against an insured lender. The publication discusses the case's factual background and the court's legal holdings.

Wiley Rein: Prior Proceeding Exclusion Does Not Bar Coverage for Qui Tam Action

by Wiley Rein LLP
Published on 09 Apr 2012 • New York
This Law Firm Publication by Wiley Rein LLP discusses Ciena Capital LLC v. XL Specialty Ins.Co., No. 651452/2010 (N.Y. Sup. Ct. Mar. 26, 2012), a case where the Supreme Court of New York, New York County held that a policy's pending and prior proceedings exclusion did not bar coverage for a qui tam action brought against an insured lender. The publication discusses the case's factual background and the court's legal holdings.