Warhol Group Wants D&O Policy To Cover $4.6M In Legal Fees

Law360, New York (November 21, 2012, 8:28 PM EST) -- The Andy Warhol Foundation for the Visual Arts argued in New York state court Wednesday that $4.6 million of its outstanding legal fees stemming from art collectors' suits should be covered under a different, and more encompassing, policy than Philadelphia Indemnity Insurance Co. has deemed appropriate.

Arguing to keep its suit over wrongfully denying coverage alive in the face of PIIC's motion for summary judgment, the foundation contended that a directors and officers policy with a $10 million coverage limit should handle the costs it incurred...
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