Mealey's Insurance - Judge Refuses To Dismiss Breach Of Contract Claims In Fiduciary Liability Dispute

RENO, Nev. - Rejecting an insurer's argument that an insurance policy's securities exclusion precludes coverage for an underlying Employee Retirement Income Security Act (ERISA) lawsuit, a Nevada federal judge on Feb. 13 refused to dismiss an insured's breach of contract claims against the insurer (International Game Technology, Inc. v. Federal Insurance Co., No. 3:13-cv-00026-RCJ-WGC, D. Nev.; 2014 U.S. Dist. LEXIS 18364).

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