Insurer Must Pay $2.5M Over Oriental Trading IP Suit

Law360, New York (September 20, 2010, 7:24 PM EDT) -- American Safety Indemnity Co. will have to shell out more than $2.5 million following a federal judge's ruling that it breached a duty to defend bankrupt novelty goods retailer Oriental Trading Co. in a 2003 trade secrets suit.

Judge Laurie Smith Camp of the U.S. District Court for the District of Nebraska granted summary judgment to Oriental Trading on Friday, finding that American Safety failed to establish that the plaintiff's alleged failure to cooperate relieved the insurer of its duty to defend.

The $2.5 million represents...
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