Kentucky Panel: No Coverage For Dispute Arising From $2.1B Tax-Refund Scheme

Mealey's (February 13, 2023, 2:33 PM EST) -- FRANKFORT, Ky. — A Kentucky appeals panel on Feb. 10 affirmed a lower court’s summary judgment rulings in favor of insurers in insureds’ coverage lawsuit arising from underlying actions in which the Kingdom of Denmark alleges that insureds were involved in a $2.1 billion “fraudulent tax-refund scheme,” finding that the underlying damages failed to trigger either of the policies because there was no loss of tangible property....

Attached Documents

Related Sections