Law360, New York (August 8, 2012, 9:10 PM EDT) -- Certain Underwriters at Lloyd's, London on Tuesday settled a coverage fight with Visa Inc. arising from an $18 million settlement of a class action over phone calls recorded without consent after the insurer unsuccessfully appealed a ruling that now could help policyholders win coverage for California Privacy Act suits.
A California state court dismissed the coverage suit with prejudice after the parties hammered out a confidential deal. An attorney for Visa declined to comment, while attorneys for Lloyd's could not immediately be reached Wednesday.
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