Axis, Drink Maker Settle Suit Over Liability Policy

Law360, New York (November 24, 2010, 5:16 PM EST) -- Axis Insurance Co. and Innovation Ventures LLC have resolved their battle over a multimedia liability coverage policy that the insurer claims Innovation unlawfully obtained by making material misrepresentations about pre-existing contract and trademark disputes on its policy application.

Judge Bernard A. Friedman of the U.S. District Court for the Eastern District of Michigan approved the parties' stipulation to dismiss the action with prejudice on Tuesday.

Each party will bear its own costs and attorneys’ fees, according to the order.

Additional details of the dismissal were not...
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