E. L., Inc. v. Insurance Carriers A and B
Dec 04, 2012OUTCOME: Coverage of defense costs obtained
My client was sued in NY Federal Court for alleged breach of contract, breach of covenant of good faith, misappropriation of trade secrets, conversion, violation of Uniform Trade Secret Act, Deceptive ... Trade Secret Practices Act, unjust enrichment, breach of fiduciary duty and civil conspiracy. The client's attorneys' fees and costs to defend the claims exceeded $3,500,000. Carrier A denied coverage entirely and Carrier B denied coverage of most claims as uncovered by the client's insurance policies. I successfully convinced the carriers that sufficient claims were covered to require payment of 70% of the defense costs while the client paid the remaining 30% which was attributed to the cost to pursue crossclaims asserted by the client in the litigation.
