AIG Units, Lennar End Trade Secrets, Extortion Coverage Row

Law360, New York (April 20, 2012, 3:39 PM EDT) -- A New York federal judge on Thursday dismissed a suit by two American International Group Inc. units seeking to avoid covering homebuilder Lennar Corp.'s trade secrets extortion claims against a convicted business partner, after the companies reached a resolution following mediation.

American Home Assurance Co., National Union Fire Insurance Co. and Lennar did not disclose the details of the agreement, which resolves the insurers' suit seeking to duck coverage for claims against two Lennar business partners linked to a criminal stock manipulation scheme against the homebuilder,...
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