Tudor Seeks To Avoid Coverage For $96M Defamation Suit

Law360, New York (April 28, 2011, 2:28 PM EDT) -- Tudor Insurance Co. filed suit Tuesday in New York to avoid defending or indemnifying a company that handles finance industry investigations in a $96 million defamation action, contending that terms in its policies with a predecessor company free it from coverage.

The declaratory judgment complaint against First Advantage Litigation Consulting LLC stems from underlying litigation brought by NuWave Investment Corp. in 2006 over allegedly defamatory statements about the investment management company in reports issued by BackTrack Reports Inc. and later FALC, which BackTrack became following a...
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