Allstate Insurance v. Preferred Financial Solutions, Inc.

Order on Cross-Motions for Summary Judgment

DEBRA McVICKER LYNCH, United States Magistrate Judge.

This lawsuit concerns Allstate Insurance Company’s obligations to the defendants with respect to a class action lawsuit filed in Georgia against the defendants and others (the “Underlying Litigation”). Allstate has moved for judgment as a matter of law that its insurance policies do not provide coverage for the class action claims and that it therefore has no duty to provide a defense in the Underlying Litigation and no duty to indemnify any of the defendants against any judgment that may be…