Insurers Fail In Bid To Stop Sprint D&O Claims

Law360, New York (September 2, 2009, 12:22 PM EDT) -- Sprint Nextel Corp. can continue to pursue directors and officers insurance coverage of defense costs for a 2003 securities suit, now that a federal judge has denied a motion to dismiss filed by Travelers Indemnity Co. and St. Paul Mercury Insurance Co.

In a ruling Tuesday, Judge Carlos Murguia of the U.S. District Court for the District of Kansas said that contrary to arguments put forth by Travelers and St. Paul — two of the nine separate insurers the case targets — Sprint Nextel had provided...
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