Legal Opinion
KMS Development Partners, LP v. FEDERAL INSURANCE COMPANY
District Court, E.D. Pennsylvania
Decided February 3, 2025No. 2:24-cv-01613Unknown
1Opinion
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA KMS DEVELOPMENT PARTNERS LP : : CIVIL ACTION v. : No. 24-1613 : FEDERAL INSURANCE COMPANY : AN AFFILIATE OF CHUBB GROUP OF : INSURANCE COMPANIES : McHUGH, J. February 3, 2025 MEMORANDUM This is an insurance dispute in which the outcome depends upon the proper construction of seven words in a business insurance policy. Specifically, a rider to the policy provides coverage for losses due to “Forgery or alteration of a Financial Instrument” by a third party. The insured here was victimized by a fraud scheme involving…
2Cases cited15 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Barnhart v. ThomasSupreme Court of the United States · 2003
- Auto-Owners Insurance Company v. Stevens & Ricci IncCourt of Appeals for the Third Circuit · 2016
- Hutchison v. Sunbeam Coal Corp.Supreme Court of Pennsylvania · 1986
- Facebook, Inc. v. DuguidSupreme Court of the United States · 2021
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