9th Circ. Overturns $51M Insurance Award For HP

Law360, New York (May 12, 2010, 6:15 PM EDT) -- A federal appeals court has reversed a $51 million judgment for Hewlett-Packard Co. in a coverage dispute with Ace Property & Casualty Insurance Co., ruling that the insurer had no duty to defend an antitrust counterclaim lodged against HP in its patent infringement suit over ink cartridges.

The policy in question was a foreign general liability policy, and coverage was limited to claims or suits arising from an occurrence outside the U.S., Canada, Cuba and North Korea, a three-judge panel ruled in a 2-1 decision in...
To view the full article, register now.