RealPage, Inc. v. Nat'l Union Fire Ins. Co.
The 5th U.S. Circuit Court of Appeals in New Orleans has affirmed a lower courts decision in finding that a commercial crime insurer in an insured's suit for coverage of a multi-million dollar loss in a phishing incident was proper because the insured never "held" the funds intended for its clients, nor did it control the funds designated for them.
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