Insurers On Hook For Seagate Litigation Defense Costs
By Allison Grande (July 22, 2010, 2:38 PM EDT) -- A federal judge has handed Seagate Technology LLC a pair of victories in an insurance dispute, forcing Insurance Co. of the State of Pennsylvania to reimburse the data storage company for more than $14.5 million in contract litigation costs and denying an arbitration request by ISPO and National Union Insurance Co. of Pittsburgh, Pa., over the coverage allegations.
Judge Claudia Wilken of the U.S. District Court for the Northern District of California on Wednesday granted Seagate's motion for partial summary judgment that ISOP breached its duty to provide defense costs in several underlying breach of contract actions. The judge also the...
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