Court To Divvy Up Disputed $2M Executive Risk Policy

Law360, New York (October 20, 2009, 3:47 PM EDT) -- Executive Risk Indemnity Inc. has been discharged from an insurance spat between a financial consulting firm and two former associates vying for $2 million in coverage for defense costs in an underlying suit stemming from a hospital system's bankruptcy.

Defendants Huron Consulting Group Inc. and subsidiary Wellspring Management Services LLC had asked to dismiss Executive Risk's complaint for interpleader in July, but Judge Wayne Andersen of the U.S. District Court for the Northern District of Illinois on Friday denied that motion and granted Executive Risk’s motion...
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