6th Circ. Won't Let AIG Off $7M Hook In DSW Hacking Case

Law360, New York (August 23, 2012, 5:31 PM EDT) -- The Sixth Circuit on Thursday affirmed a $6.8 million judgment against an American International Group Inc. unit in a coverage fight over losses from a computer hacking scheme, finding DSW Inc. is covered under the computer fraud rider of its blanket crime policy with the insurer.

The shoe retailer and its parent company Retail Ventures Inc. were awarded $6.8 million by an Ohio district court to cover losses DSW suffered after hackers stole the credit card and checking account information of 1.4 million customers at 108...
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