6th Circuit Affirms No Coverage Ruling In Suit Over $2.1B Tax-Refund Scheme Claims

Mealey's (September 28, 2022, 9:00 AM EDT) -- CINCINNATI — The Sixth Circuit U.S. Court of Appeals issued a mandate after affirming a Kentucky federal judge’s “well-reasoned” opinion in favor of an agribusiness insurer in the insurer’s declaratory judgment lawsuit disputing coverage for underlying lawsuits in which the Kingdom of Denmark alleges that insureds were involved in a $2.1 billion “fraudulent tax-refund scheme,” noting that the “issuance of a full written opinion by this court would serve no useful purpose.”...