National Union Snuffs Suit Over Defense Costs

Law360, New York (November 23, 2009, 8:02 PM EST) -- A federal judge has granted National Union Fire Insurance Co. summary judgment on Charleston Bank Consortium’s bid for coverage in an underlying lawsuit with a contractor, holding that the home ownership organization failed to provide timely notice of claims arising from the state court action.

Judge David C. Norton of the U.S. District Court for the District of South Carolina dealt a blow to Charleston Bank Consortium on Monday, rejecting claims that the plaintiff is entitled to indemnification and defense by National Union in its lawsuit...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.