Rival Filed Sham Suits, Insurance Manager Says

Law360, New York (March 25, 2011, 7:41 PM EDT) -- Axiom Insurance Managers Agency LLC filed a Lanham Act suit Friday in Illinois against a competitor that allegedly hit it with frivolous litigation and reported false financial information to insurance regulators, including a $50 million surplus Axiom says never existed.

In a complaint in the U.S. District Court for the Northern District of Illinois, Axiom accuses Indemnity Insurance Corp. of DC, Risk Retention Group of abuse of process and violating the Lanham Act.

“Rather than engage in fair and lawful competition, IIDC has engaged in a...
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