July was a Great Month for Cyber Insureds!

July 23, 2018 Policy holders are on a “cyber” roll in July, having prevailed in claims against their insurance carriers in two closely-watched “computer fraud” cases on appeal. In Medidata Solutions, Inc. v. Federal Insurance Company, the U.S. Court of Appels for the Second Circuit affirmed the lower court’s grant of summary judgment in favor […]

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Insured for Cyberfraud? Think Again.

January 16, 2018 Although companies may be operating under the perfectly reasonable expectation that their insurance policies cover them against cyberfraud schemes, they might be surprised to know (or maybe not) that their insurers are taking the exact opposite position when confronted with such claims. In courtrooms across the country, insurers are consistently denying coverage […]

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The Model for Outside Counsel? Absolutely!

August 3, 2017 As I was delving into my newest “book club” book, Thomas More – A Portrait of Courage, I couldn’t help but recognize my firm’s values in the example set by Thomas More, and I tried to imagine a world in which all outside counsel acted accordingly: As a lawyer, he acquired a […]

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Insurer Must Pay for $4.8M Fraudulent Wire Transfer Hack

July 24, 2017 Plaintiff, Medidata Solutions, filed a 2015 lawsuit against Federal Insurance Company for coverage of a $4.8M fraudulent wire transfer (Cause No. 1:15-cv-00907 S.D.N.Y). According to the facts of the case, Medidata notified its finance department of a potential acquisition that could require urgent assistance in the summer of 2014. With knowledge of […]

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