Compaq, St. Paul Iron Out Damages Coverage Dispute

Law360, New York (July 21, 2010, 5:49 PM EDT) -- A drawn-out insurance dispute between Compaq Computer Corp. and St. Paul Fire and Marine Insurance Co. has come to a close, with the parties stipulating to a dismissal of claims relating to legal fees the computer company racked up defending several class actions over allegedly defective floppy disk drives.

Judge David Doty of the U.S. District Court for the District of Minnesota closed the case in a brief order Tuesday.

Compaq, which was acquired by Hewlett-Packard Co. in 2002, paid out $640 million to settle six...
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