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Cyber Insurance Policy for Sale

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Listing Information

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Cyber Insurance Policy for Sale



Price: $22,000.00


Other Item Info
Item #: casbke_416796
Created: 06/07/2019
Category: Business Property > Financial > Insurance Policies
Sale Date: Wed. Jul 3, 2019
Seller Info
Leslie Gladstone
Trustee
401 Via Del Norte
La Jolla, CA 92037
858-454-9887
Bankruptcy Info
Case #: 3:16-bk-07714
Case Title: Posiba, Inc.
Court: California Southern Bankruptcy Court
Chapter: 7
View Case Docket

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Description

Sale of all rights and claims under the insurance policies and/or against CFC, both contractual and extracontractual (the “Assets”). Without limiting the generality of the foregoing, the Assets include the following rights: (1) to continue to assert the claim of the seller, Trustee and/or Estate for reimbursement and/or payment under the Cyber Policy, (2) to assert any new or additional claims not already tendered under the Cyber Policy, (3) to collect under the Cyber Policy, and (4) to assert any bad faith claim or cause of action that the debtor, the Trustee and/or the Estate may have with respect to the insurer’s failure to pay under the Cyber Policy or other breach of the insurer’s duty of good faith and fair dealing.

The Trustee acting for and as Posiba, Inc., (the named insured under CFC Underwriting, Ltd. (“CFC”) Tech (Insurance for Technology Companies) Package Policy No. ESF00233252 (1/13/17 – 1/13/18) and any proceeding policies and subsequent renewals providing the same or similar coverage (the Cyber Policy).


Additional Details

  1. Sale Hearing Time: 11:00 a.m.
  2. Bid Amount: $27,000
  3. Bid Increment: $1,000
  4. Bid Deposit: $5,000.00
  5. Bid Deadline: June 18, 2019


Other Information

Terms and Conditions:

See Attached.


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