AgraKey Seeks Coverage For Licensing Arbitration

Law360, New York (November 17, 2010, 12:56 PM EST) -- AgraKey Solutions LLC has launched a suit seeking coverage from Mid-Continent Casualty Co. for an arbitration action accusing the environmental solutions supplier of unlawfully distributing BioMagic Inc.'s proprietary biostimulant products after the expiration of the parties' licensing agreement.

Because no exclusions apply in the subject general liability policy to conclusively eliminate coverage, the insurer is obligated to provide AgraKey and its owner John Reitsma with a “prompt and complete defense” of BioMagic's breach of contract, trade secret misappropriation, unfair competition and business interference allegations, the plaintiffs...
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