DHR Sues Federal Insurance For Shareholder Suit Coverage

Law360, New York (July 27, 2012, 9:40 PM EDT) -- Executive search firm DHR International Inc. on Thursday sued Federal Insurance Co. in Illinois state court over the insurer's refusal to cover litigation costs in an underlying suit brought by a former DHR employee and shareholder who alleged the company cheated him out of equity.

In the suit, DHR alleged Federal Insurance vowed in 2005 to fully cover DHR’s defense costs in the underlying shareholder suit, but later said those defense costs were subject to purported limits, such as cutting into DHR’s available limit of liability...
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