Insurer Escapes Cash Advance Firm Suit Over New York Settlement
Posted August 13, 2026
Argonaut Insurance Co.'s directors and officers policy barred coverage for Yellowstone Capital LLC's $1 billion settlement with New York Attorney General Letitia James. Yellowstone and its CEO sued for coverage after the attorney general's action over allegedly deceptive and fraudulent practices. Judge Jamel K. Semper found the policy exclusion for intentionally false or misleading advertising applied.
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