Coverage Row Over Teva Patent Deal Sent To Arbitration

Law360, Chicago (October 11, 2013, 6:38 PM ET) -- Illinois Union Insurance Co. must go into arbitration to resolve its feud with Teva Pharmaceutical Industries Inc. over coverage for a small portion of the drugmaker’s recent $1.6 billion patent infringement settlement with Pfizer Inc., a Pennsylvania federal judge ruled Friday.

In a 37-page decision, U.S. District Judge Gene E.K. Pratter sided with Teva, ruling that the case should exit his court for arbitration in London because the parties indeed had agreed to arbitrate such disputes under the policy. Specifically, the Illinois Union excess insurance policy borrows...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required