Investment Co. Seeks Quick Win In $3M Coverage Fight

Law360, New York (September 19, 2011, 6:56 PM EDT) -- An investment company asked a California federal court Monday to rule that Houston Casualty Co. owes it $2.9 million for defense costs in an underlying shareholder suit against the company and two executives, saying the insurer's reasons for denying the claim contradict one another.

In its motion for partial summary judgment, plaintiff Aletheia Research and Management Inc. said Houston issued a 2009-2010 claims-made, directors and officers liability insurance policy that covers the suit.

Proctor Investment Managers LLC brought the underlying claims against Aletheia and two of...
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