Appeals Court Says Chubb Ltd. Not Liable for Insurance Payments to ESOP Trustee
In Martin Resource Management Corp. v. Federal Insurance Co. (5th Cir., Aug. 6, 2021), the Fifth Circuit ruled that Chubb Ltd. did not have to cover Martin Resource Management for its reimbursement to Wilmington Trust, its ESOP trustee, for payments it made in an ESOP valuation case settled in 2020.
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