Axis Sues To Duck Coverage Of $600M Casino Contract Row

Law360, New York (October 02, 2013, 8:40 PM ET) -- Axis Insurance Co. sued Wednesday in Maryland federal court to block the chairman of defunct casino and racetrack operator Indianapolis Downs LLC from accessing coverage for a $600 million contract and defamation suit from its onetime management company.

Axis said Indianapolis Downs' policy doesn't cover claims that Chairman and CEO Ross Mangano and a collection of trusts he controls launched a defamatory campaign against affiliates of real estate management company Cordish Co. to gain leverage in a contractual fee dispute over the development of Indianapolis Downs’...
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