Silicon Storage Seeks Coverage For Xicor Trade Secrets Deal

Law360, New York (December 10, 2013, 5:47 PM ET) -- Silicon Storage Technology Inc. sued National Union Fire Insurance Co. and XL Specialty Insurance Co. in California federal court Friday, saying they are obligated to cover the defense and settlement costs stemming from a trade secrets suit filed against SST in 2011.

According to SST's complaint, the two insurance companies are required to cover its battle with Xicor LLC under the terms of the policies they issued to SST, but up to this point, both have neglected to do so.

"Both National Union and XL ......
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