Law360 (May 3, 2011, 5:54 PM EDT) -- Insurance holding company ProCentury Corp. on Tuesday dropped a suit in Michigan that sought to force Federal Insurance Co. to cover defense costs incurred during a securities investigation of ProCentury's financial statements.
U.S. District Judge George Caram Steeh signed off on the settlement without comment, ending ProCentury's claim that Federal owed $223,000 in defense attorneys' fees and costs stemming from the U.S. Securities and Exchange Commission investigation. Additional information on the deal was not immediately available Tuesday.
ProCentury filed its complaint a year ago, saying Federal issued it a policy that obligated the insurer to cover defense costs in excess of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!