Sprint Seeks Ruling On Coverage For Securities Suit

Law360, New York (September 22, 2010, 4:02 PM EDT) -- Sprint Nextel Corp. has asked a judge to rule that its claims for the millions of dollars it has spent so far defending a 2003 securities suit should be covered by its directors and officers policies from that year, while the telecommunications giant's myriad insurers have split over whether the claims fall under earlier coverage.

In several partial summary judgment motions filed in the U.S. District Court for the District of Kansas on Tuesday, Sprint Nextel and its seven insurers battled over whether the 2003 securities...
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