Law360, New York (May 21, 2010, 5:24 PM ET) -- A federal judge has ordered Admiral Insurance Co. to return premiums that defunct graphics chip producer SonicBlue Inc. paid under a primary directors and officers liability policy and relieved Old Republic Insurance Co. of this obligation for the excess D&O policy it issued SonicBlue.
Judge Jeremy Fogel of the U.S. District Court for the Northern District of California decided motions filed by the three parties on Wednesday, denying Admiral's bid to dismiss the case, granting Old Republic's partial summary judgment motion and partially granting the plaintiff's...
Admiral Owes SonicBlue D&O Policy Premiums: Judge
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