Law360, New York (November 02, 2011, 6:08 PM ET) -- Disk drive maker Seagate Technology PLC sued National Union Fire Insurance Co. of Pittsburgh, Pa., in California on Monday for indemnification of a €2.9 million ($3.7 million) embezzlement perpetrated by a since-imprisoned executive of a Seagate subsidiary.
From June 2007 to March 2009, Frank Markus, then a managing director at the Netherlands office of Seagate unit i365 Inc., transferred €2.7 million from three i365 bank accounts to his personal accounts and charged personal expenses on an i365 credit card, according to Seagate's complaint against National Union...
Seagate Seeks Coverage For Exec's €3M Theft
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