7th Circ. Questions If AIG Can Ditch Covering Emmis Defense

Law360 (May 30, 2019, 7:22 PM EDT) -- An AIG unit might have relied on too broad a reading of a "specific event" exclusion when it denied coverage to Emmis Communications Corp. after shareholders sued the radio broadcasting company following a failed go-private attempt, a Seventh Circuit judge said during oral arguments on Thursday.

AIG's Illinois National Insurance Co. is aiming to upset a lower court's ruling that the exclusion in Emmis' policy doesn't apply and it must cover $4.1 million in defense costs for a suit brought by the Corre Opportunities Fund. COF, a preferred shareholder in Emmis, had claimed that Emmis and its board tried to strip preferred...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!