Smith & Wesson Says Insurer Must Cover FCPA, Other Cases

Law360, New York (November 13, 2012, 6:49 PM EST) -- Gunmaker Smith & Wesson Holding Corp. on Tuesday sued National Union Fire Insurance Co. of Pittsburgh, Pa., in Massachusetts federal court, saying the insurer denied it rightful coverage for various legal actions, including a shareholder suit over the company's allegedly ineffective Foreign Corrupt Practices Act controls as well as an FCPA criminal case. 

The Springfield, Mass.-based company claims that National Union is on the hook for paying legal expenses connected to the shareholder derivative action; a related state court derivative suit; a U.S. Department of Justice...
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