Legal Opinion
Cooper Industries, Ltd. v. National Union Fire Insurance Co. of Pittsburgh
Court of Appeals for the Fifth Circuit
Decided November 20, 2017No. 16-20539PublishedCited by 26 opinions
1Opinion of the Court
KING, Circuit Judge:
Cooper Industries, Ltd., invested its pension-plan assets 'in what turned out to be a Ponzi scheme. It submitted a claim under a commercial-crime insurance policy underwritten by National Union Fire Insurance Company. National Union denied the claim, and Cooper sued. Both parties eventually moved for summary judgment. The district court subsequently entered a take-nothing judgment against Cooper. The court held that Cooper could not recover under its policy with National Union because the claimed loss occurred only after Cooper loaned its funds to the fraudsters, at which…
2Cases cited47 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- United States v. RainesSupreme Court of the United States · 1960
- National Union Fire Insurance Co. of Pittsburgh v. CBI Industries, Inc.Texas Supreme Court · 1995
- Deposit Guaranty National Bank v. RoperSupreme Court of the United States · 1980
42 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Charles Trois v. Apple Tree Auction Center, Inc, eCourt of Appeals for the Fifth Circuit · 2018
- Sexual Minorities Uganda v. LivelyCourt of Appeals for the First Circuit · 2018
- Jane Doe I v. Juana Marine-LombardCourt of Appeals for the Fifth Circuit · 2018
- Brackeen v. HaalandCourt of Appeals for the Fifth Circuit · 2021
- Thryv v. NLRBCourt of Appeals for the Fifth Circuit · 2024
21 more not listed; retrieve them via the Exa API.