No E&O Coverage Exists For Trade Secret Judgment, 11th Circuit Affirms

Mealey's (August 2, 2024, 1:55 PM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on Aug. 1 held that no coverage exists under a “Sponsored Insurance Agents Errors and Omissions Liability” insurance policy for a $552,677.61 judgment for misappropriation of trade secrets, affirming a lower federal court summary judgment in favor of the insurer in a writ of garnishment action seeking to collecting the judgment....