Hartford Off Hook For Coverage In Bill System IP Fight
By Allison Grande (July 27, 2011, 7:27 PM EDT) -- A Minnesota federal judge ruled last week that Hartford Casualty Insurance Co. does not owe PetroNet LLC advertising injury coverage in an underlying suit alleging the company stole trade secrets to develop a billing system that infringed a third party's copyrighted product.
In granting Hartford's motion for summary judgment and dismissing PetroNet's complaint with prejudice, U.S. District Judge Donovan W. Frank ruled July 21 that the underlying suit brought by CHS Inc. did not allege covered claims for personal and advertising injury because the suit arose from PetroNet's alleged theft and sale of the copyrighted materials and not from any infringement...
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