Colony Calls SLB Toys Liability Policy Invalid

Law360, New York (February 17, 2011, 8:22 PM EST) -- Colony National Insurance Co. has refused to defend Manley Toys Ltd. in a suit over alleged injuries caused by a pool slide, saying the toy company misrepresented itself when applying for a liability policy.

The insurer filed suit Thursday in the U.S. District Court for the Northern District of Illinois, requesting rescission of its policies with SLB Toys USA Inc., Manley Toys, ToyQuest Ltd. and Aquawood LLC because the companies deceived Colony by representing themselves as one California-based company instead of a large international joint venture....
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