6th Circ. Gives ProMedica Another Shot At FTC Suit Coverage

Law360, New York (April 30, 2013, 7:17 PM EDT) -- Unraveling a win for a OneBeacon Insurance Group Ltd. subsidiary, the Sixth Circuit ruled Tuesday that ProMedica Health Systems Inc. shouldn't lose insurance coverage for Federal Trade Commission actions challenging a hospital acquisition based on arguments that ProMedica reported the claim to its insurers too late. 

The appeals court revived a fight between ProMedica and Employers' Fire Insurance Co. over coverage under two $15 million claims-made policies for administrative and civil actions that the FTC launched to halt ProMedica's allegedly anti-competitive acquisition of a suburban Toledo,...
To view the full article, register now.