Time's Insurer Fights Coverage Of $6.9M Deal, Defense Costs
Law360 (June 9, 2020, 8:29 PM EDT) -- Mutual Insurance Co. has urged a New York federal judge to toss a suit brought by Time Inc. demanding $6.9 million in indemnification of settlement and defense costs for class actions accusing the magazine company of deceptive marketing, saying that Time's "intentional" unfair business practice is not covered by its policy.
Mutual claimed Monday that the global media liability policy it sold to Time only covers claims for "negligence," but magazine subscribers have alleged that Time "knowingly" and "willfully" engaged in false advertising for automatic payment renewals, so Time's practice was not "negligent" and Mutual has no obligation to cover its...
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!