Taurus Holdings, Inc. v. United States Fidelity & Guaranty Co.

FAY, Circuit Judge:

Taurus is in the business of manufacturing, selling and distributing firearms. A group of municipalities have sued Taurus and other handgun manufacturers seeking compensation for expenses allegedly resulting from gun violence within their communities. Taurus, in turn, filed this declaratory action against a group of insurance companies seeking contributions from them to cover the cost of defending the suits. The district court found that the “products-completed operations hazard” provision excluded coverage.

Because we were faced with an important question of Florida law…