Office Depot Says AISLIC Must Pay Fraud Settlement

Law360, New York (June 8, 2010, 3:40 PM EDT) -- Office Depot Inc. has struck back at American International Specialty Lines Insurance Co.'s suit seeking to avoid covering the costs of a class action settlement regarding the retailer's marketing and selling of an allegedly fraudulent warranty plan, saying AISLIC is in breach of contract if it fails to pay for the costs.

The class action complaint alleges a “wrongful act,” and AISLIC had a duty to defend it, Office Depot said in counterclaims filed Monday in the U.S. District Court for the Middle District of Florida....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.