Thursday, August 11, 2022 | Back issues
Courthouse News Service Courthouse News Service

Gold coins

NEW ORLEANS — The Fifth Circuit upheld a finding that a gold coin dealer is not entitled to insurance coverage for $1.2 million in losses incurred when he unintentionally sent the coins to a thief who forged payments for the coins and intercepted shipments of them. A policy exclusion applies to losses incurred due to handing property to a third party against payment by a fraudulent check, the court ruled.

Read the opinion here.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading
Loading...