IBERIABANK CORP. v. ILLINOIS UNION INSURANCE CO.

No. 19-30190.

953 F.3d 339 (2020)

IBERIABANK CORPORATION, Plaintiff-Appellant v. ILLINOIS UNION INSURANCE COMPANY; Travelers Casualty & Surety Company of America, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

Filed March 18, 2020.


Attorney(s) appearing for the Case

James Christopher Martin, Esq. , Traci S. Rea, Esq. , Reed Smith, L.L.P., Pittsburgh, PA, Loretta Gallaher Mince, Esq. , James Richard Swanson , Attorney, Fishman Haygood, L.L.P., New Orleans, LA, Michael Patrick Yingling , Reed Smith, L.L.P., Chicago, IL, for Plaintiff-Appellant.

Albert Kirk Gasperecz, Esq. , Adams & Reese, L.L.P., New Orleans, LA, Scott Stirling , Edward P. Gibbons , Walker, Wilcox, Matousek, L.L.P., Chicago, IL, for Defendant-Appellee ILLINOIS UNION INSURANCE COMPANY.

Thomas J. Judge , Jason C. Reichlyn , Dykema Gossett, P.L.L.C., Washington, DC, Richard Evan Baudouin, III, Esq. , Matthew Joseph Farley , Attorney, Krebs Farley & Dry, P.L.L.C., New Orleans, LA, for Defendant-Appellee TRAVELERS CASUALTY & SURETY COMPANY OF AMERICA.

Before WIENER and HIGGINSON, Circuit Judges.


This case turns on the scope of professional liability insurance policies issued to IberiaBank Corporation ("IberiaBank"). In late 2017, IberiaBank entered into an $11,692,149 settlement ("DOJ Settlement") with the United States Department of Justice ("DOJ"), under which...

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