Business Law
Jul. 30, 2026
9th Circuit revives indemnity claims against Orrick in conversion ruling
A 9th Circuit opinion held that parties liable for conversion under California law may seek equitable indemnity from negligent joint tortfeasors, reversing a Northern District ruling that had barred the claim.
A 9th U.S. Circuit Court of Appeals panel revived claims against Orrick, Herrington & Sutcliffe LLP and financial advisory firm Scenic Advisement Inc. on Wednesday by holding that conversion is a strict liability tort under California law rather than an intentional tort.
The unanimous panel reversed Chief U.S. District Judge Yvonne Gonzalez Rogers' summary judgment for Orrick and Scenic, concluding Sun Hung Kai Strategic Capital Ltd. may pursue an equitable indemnity claim...
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