$80M Ruling Against Ex-IndyMac Execs Bolsters Insurers' Cases

Law360, New York (June 28, 2012, 8:55 PM EDT) -- A California federal judge refused Wednesday to open up a second $80 million set of insurance policies to cover securities litigation against former IndyMac Bancorp Inc. directors and officers, a ruling insurers in other coverage disputes likely will cite in arguing for broad interpretations of what makes claims interrelated enough to be covered under only one policy period.

A coalition of insurers successfully argued that coverage for a slew of securities suits against former executives at failed mortgage lender IndyMac and its subsidiary IndyMac Bank FSB...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.