PBM Exits National Union's Mead Johnson Coverage Suit

Law360, New York (May 25, 2011, 8:10 PM EDT) -- National Union Fire Insurance Co. of Pittsburgh, Pa., dropped PBM Products LLC from a coverage suit in Indiana on Wednesday after PBM said the insurer owed it nothing for an underlying false advertising case against insuree Mead Johnson & Co LLC.

In April, the Fourth Circuit upheld a $13.5 million jury verdict for PBM in the underlying case, and PBM said on May 18 that the judgment had been paid in full, according to court documents.

“Because the judgment in the underlying lawsuit has been paid...
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