Insurer's Suit Nixed After Four Loko Makers Pull Claims

Law360, New York (November 15, 2011, 9:28 PM EST) -- An Illinois federal judge on Tuesday tossed a suit from the insurer of Phusion Projects Inc., ruling there was no controversy after the maker of caffeinated alcoholic drink Four Loko withdrew its request for coverage of product liability and intellectual property suits and class actions.

Selective Insurance Co. of South Carolina filed the suit in May in an effort to avoid covering Phusion against lawsuits and class actions alleging wrongful death, product liability and trade dress infringement.

U.S. District Judge Elaine Bucklo nixed Selective's suit in...
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.