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Sacramento Downtown Arena LLC et al v. Factory Mutual Ins. Co.
Nature of Suit:
Sectors & Industries:
January 17, 2023
Factory Mutual Insurance Co. ramped up its defense against the Sacramento Kings in California federal court, bringing on a Simpson Thacher & Bartlett LLP business litigation practice leader in its battle against the basketball team's shot at $850 million in COVID-19 loss coverage.
October 31, 2022
Factory Mutual was denied in its bid to end the Sacramento Kings' lawsuit demanding coverage for pandemic-related losses, with a California federal judge on Friday issuing a rare ruling on the pleadings in favor of policyholders and finding that the reasonable interpretation of the policy's scope and exclusions encompasses the team's insurance claims.
November 23, 2021
Factory Mutual has urged a California federal judge to dismiss the Sacramento Kings' lawsuit demanding coverage for pandemic-related losses, arguing for the same conclusion a state appellate court reached recently against a hotel making a similar claim.
November 08, 2021
The insurer of the Sacramento Kings' arena operator can cite a key Ninth Circuit ruling favoring insurance companies in its fight to avoid covering pandemic losses the basketball team and arena incurred, a California federal judge ruled Monday.
July 06, 2021
The owners of the Sacramento Kings are pushing back against Factory Mutual's attempt to dismiss their pandemic coverage suit, saying they paid for a top-of-the-line policy that expressly provided coverage for losses from communicable diseases.
May 10, 2021
Factory Mutual Insurance Co. is seeking to net a dismissal in California federal court in a suit against the owners of the Sacramento Kings, saying they failed to show that COVID-19 and government shutdowns caused $850 million in insurable damage.
March 12, 2021
The owners of the Sacramento Kings and their arena have put Factory Mutual Insurance Co. on defense in a suit filed in California federal court, alleging they are owed $850 million for pandemic-related losses from having to cancel live entertainment events this past year in response to government shutdown orders.