9th Circ. Lets National Union Avoid $6.3M Coverage Payout

By Sean McLernon (February 6, 2013, 3:50 PM EST) -- The Ninth Circuit on Tuesday reversed a $6.3 million judgment against American International Group Inc. affiliate National Union Fire Insurance Co. of Pittsburgh, Pa., that was awarded to Genesis Insurance Co. as recovery for funds it paid to software maker Magma Design Automation Co. to settle a securities class action....

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