Publication Date: 2023-09-25
Practice Area: Insurance Litigation
Industry: Financial Services and Banking | Insurance
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Thomas E. Hanson, Jr., William J. Burton, Barnes & Thornburg LLP, Wilmington, DE; Lilit Asadourian, Alice Kyureghian, Barnes & Thornburg LLP, Los Angeles, CA; Aaron D. Lindstrom, Barnes & Thornburg LLP, Grand Rapids, MI, for plaintiff below, appellee and cross-appellant.
for defendant: John L. Reed, DLA Piper LLP (US), Wilmington, DE; David Newmann, Courtney Devon Taylor, Victoria A. Joseph, Brittany Armour, Hogan Lovells US LLP, Philadelphia, PA; Robert J. Katzenstein, Smith Katzenstein & Jenkins LLP, Wilmington, DE for defendant below, appellant and cross-appellee.
Case Number: 360, 2022
Ruling that appellee's alleged violation of the False Claims Act arose out of false certifications that the loans it endorsed were eligible for government insurance, not the professional services it provided to borrowers through mortgage banking, mortgage underwriting, and loan servicing; the court concluded that the FCA charges and eventual settlement did not fall within the professional services exclusion in appellant's management liability policy.