Michaels, Arch Settle Data Theft Coverage Fight

Law360, New York (September 10, 2012, 2:54 PM EDT) -- Arch Insurance Co. and Michaels Stores Inc. on Friday told an Illinois federal judge they had reached a tentative agreement to settle their coverage dispute stemming from underlying putative data breach class actions against the arts and crafts retail giant.

In a joint motion, Arch and Michaels asked the court to stay all proceedings and defer any ruling on their pending cross-motions for partial summary judgment, both of which were filed in June, saying the companies had reached an agreement in principle.

Details of the proposed...
To view the full article, register now.




Case Information

Case Title

Arch Insurance Company v. Michaels Stores, Inc. et al

Case Number



Illinois Northern

Nature of Suit

110(Contract: Insurance)


Honorable Ruben Castillo

Date Filed

February 2, 2012

Law Firms


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.