Insurer Looks To Ax Some Of Commerce's D&O Suit

Law360, New York (December 8, 2009, 12:47 PM EST) -- In an effort to pare down Commerce Bancorp LLC's coverage dispute over legal fees incurred defending government investigations and shareholder suits, Continental Casualty Co. has moved to dismiss the claims it says relate to the bank and not to the directors and officers who are covered under the policy.

Continental filed the motion Monday in the U.S. District Court for the District of New Jersey, asking the court to dismiss those claims asserted by Commerce on its own behalf for fees and costs incurred with respect...
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