AT&T, USSIC End $10M Coverage Dispute

Law360, New York (January 4, 2011, 3:09 PM EST) -- AT&T Corp. has agreed to end a $10 million legal fight with U.S. Specialty Insurance Co. over a 2005 settlement the telecommunications giant claimed the insurer should partially cover.

Judge Garrett E. Brown Jr. of the U.S. District Court for the District of New Jersey dismissed the case on Dec. 30, 2010, saying the case had been settled. His one-page order did not indicate the terms of the settlement, and attorneys for the parties did not immediately respond to requests for comment.

USSIC instigated the action...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.