Liberty Mutual Says Ceradyne Not Covered For 3M Deal Suits

By Josh Liberatore (October 4, 2022, 7:56 PM EDT) -- Liberty Mutual told a California federal court it shouldn't have to cover Ceradyne Inc. for now-settled shareholder lawsuits stemming from the company's acquisition by 3M, pointing to an insurance policy's "bump-up" exclusion and arguing that Ceradyne didn't suffer any loss since 3M paid to settle those suits....

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