A Theft is a Taking of Property

0
4KB

A Decision Finding Theft Can Be a Taking of More than Money Costs National Union $22,114,883  Plus Interest

Read the full article at https://www.linkedin.com/pulse/theft-taking-property-barry-zalma-esq-cfe and https://zalma.com/blog plus more than 3850 posts.

Cargill, Inc.’s (Cargill) moved for judgment on the pleadings. Cargill seeks judgment in its favor as to the one disputed claim between the parties on the extent of theft coverage and as to the issue of prejudgment interest. Plaintiff National Union Fire Insurance Company of Pittsburg, Pa. (National Union) opposed the motion. In National Union Fire Insurance Company of Pittsburg, Pa., v. Cargill, Inc., No. 20-cv-0839 (WMW/JFD), United States District Court, D. Minnesota (August 24, 2021) the District Court found coverage applied.

ZALMA OPINION

Why this was a question that took a trial is difficult to understand since “theft” is something any juror could understand. Yet, National Union tried to convince the court to ignore the plea agreement Ms. Backis entered into with the government that she successfully stole more than $32,15,192, which included $3,115,611 in cash. If only the theft of cash was covered it was an amount less than the deductible. Since the theft included more than cash National Union must pay more than $22 million (application of $10,000 deductible) plus interest at the rate of 10%. If National Union appeals and loses the interest will continue to grow at $6,058 per day,

Gesponsert

We are 100% funded for October.

Thanks to everyone who helped out. đŸ„°

Xephula monthly operating expenses for 2024 - Server: $143/month - Backup Software: $6/month - Object Storage: $6/month - SMTP Service: $10/month - Stripe Processing Fees: ~$10/month - Total: $175/month

Xephula Funding Meter

Please Donate Here

Search
Nach Verein filtern
Read More
True Crime
True Crime of Insurance Fraud Video Number 54
High-Tech FraudRead the full article at https://lnkd.in/ga3wQsH5 and see the full video at...
Von Barry Zalma 2022-04-13 13:38:22 0 3KB
True Crime
Life Insurance Can Be Hazardous to Your Health
Life Insurance Can Be Hazardous to Your Health Read the full article at https://lnkd.in/g96Wpecz...
Von Barry Zalma 2023-06-16 12:37:04 0 4KB
Health
Vitamin D soll verboten werden und der Zusammenhang mit dem Coronavirus
Vitamin D soll verboten werden und der Zusammenhang mit dem...
Von Medic Ineman9 2020-05-08 11:52:09 0 4KB
Other
Move From Colorado to Missouri Defeats Coverage
Move From Colorado to Missouri Defeats Coverage Insured Must Reside at Premises at Time of...
Von Barry Zalma 2024-08-23 12:57:42 0 839