No Coverage For 'Leave It To Beaver' Deal, Insurer Says
By Max Stendahl
Law360, New York (April 10, 2012, 1:20 PM ET) -- Federal Insurance Co. urged a California federal judge Monday to nix the Screen Actors Guild's bid to recoup a class action settlement it paid to a "Leave It to Beaver" actor over foreign tax royalties, saying the deal was restitution and did not qualify for insurance coverage.
The settlement resolved claims that the guild had improperly held onto more than $8 million in royalties that should have been paid out to Ken Osmond and other actors. The guild admitted no wrongdoing but agreed to pay Osmond...