Insurer Can't Shake Coverage Bid For Bondholder Suit

Law360, New York (December 10, 2010, 3:53 PM EST) -- A federal judge has shot down efforts by National Union Fire Insurance Co. of Pittsburgh, Pa., to revive a summary judgment bid and free the insurer from covering a $40 million settlement in securities litigation over a bankrupt Internet provider partially controlled by Cox Communications Inc.

In an order issued Wednesday, Judge Thomas W. Thrash Jr. of the U.S. District Court for the Northern District of Georgia rejected National Union's arguments that a Delaware Supreme Court decision handed down after the summary judgment ruling in favor...
To view the full article, register now.